Comment on [deleted]
SanctimoniousApe@lemmings.world 3 weeks ago
So that’s the value at current prices? What happens when the price crashes due to the addition of this deposit to the pool?
Comment on [deleted]
SanctimoniousApe@lemmings.world 3 weeks ago
So that’s the value at current prices? What happens when the price crashes due to the addition of this deposit to the pool?
NGram@piefed.ca 3 weeks ago
The price would only crash if supply outstrips demand. The demand for lithium is pretty consistently increasing, and this deposit is currently providing no supply. If/when they start mining it, it’ll also not instantly dump the whole deposit into the market. So this won’t crash the value.