Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Mullen Automotive Inc. (MULN) Message Board

EVs Could Become More Affordable If Price of Lithi

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 1079
(Total Views: 361)
Posted On: 06/15/2022 4:44:09 PM
Avatar
Posted By: NetworkNewsWire
EVs Could Become More Affordable If Price of Lithium Decreases

One thing most consumers can agree on is that electric vehicles are currently too expensive. A small percentage of the population can afford to buy an EV outright, and the industry has depended on government subsidies a great deal to get by.

Costly electric vehicle batteries are largely to blame for this. Electric vehicles run on rechargeable lithium-ion battery packs, which are made using a variety of rare and expensive metals such as lithium, nickel, manganese, cobalt and graphite. However, we may soon see cheaper electric vehicles enter the market as the cost of manufacturing them reduces thanks to decreasing lithium costs, says market analyst Credit Suisse.

At the moment, raw lithium ore goes for a whopping $8,300 a ton. Head of energy resources research at Credit Suisse Saul Kavonic says lithium is experiencing unprecedented scarcity and prices have “gone through the roof.”

These cost increases in raw lithium over the past 12 months, partly due to rapidly rising demand for electric vehicles and temporary energy-storage solutions, have raised battery costs by around 30%.

But prices are expected to reduce as miners build more lithium mines to take advantage of skyrocketing lithium prices. The increase in supply may lead to a drop in lithium prices and cause the price of battery electric cars to go down.

Credit Suisse’s predictions see lithium prices dropping by one-half to $3,470 a ton by the end of next year. Karovic adds that we may even see a surplus over the coming 18 months. Goldman Sachs has also forecast a “sharp correction” in lithium prices in the near future while Macquarie Group believes that EV prices may take longer to lower thanks to rising demand for electric vehicles.

Despite the impact declining lithium prices will have on the nascent electric vehicle industry, Australia’s economy stands to take a hit due to declining mining taxes. It is currently the world’s largest lithium exporter and is poised to triple lithium production in the next four years.

Core Lithium CFO Simon Lacopetta believes that Credit Suisse’s and Goldman Sachs’ price reduction predictions are overstated; the company expects supply shortfalls to result in strengthened prices in the near term. Core Lithium is currently constructing a new lithium mine in Australia. Lacopetta states that the company based the feasibility of its Australia mine on forecasts of lithium ore prices decreasing to $1,000 a ton.

As such, he says, the company should be able to sell into a “fairly positive price environment” and generate healthy margins. As lithium extractors experience healthy margins on their operations, so will manufacturers of electric vehicles such as Mullen Automotive Inc. (NASDAQ: MULN).

NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN

Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.GreenCarStocks.com/Disclaimer




(0)
(0)




Mullen Automotive Inc. (MULN) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us