Reply to: GBP-EUR parity

[shaunbhoy]

So we have an allegedly Scottish Devonian who says that Cornwall is best.

Do we? Can you show us where that took place? Or is it just something "the voices" told you?

[AtW]

Value of used cars is the key here - if it drops more than forecasted by these financial products than lenders got big problem, higher new car price can help keep used market in good shape.

[rogerfederer]

10% tariff on imported cars won't change sales much since there is no other viable alternative anyway, sellers will just add a few extra months to the renting those cars out, since they are not bought anyway

A big fall of sterling is a bigger risk, but so far falls are minor

They are mostly on PSC or complex loan contracts, with the vehicle not owned by the person.

VAG, BMW, Mercedes and the rest don't have good electric options yet and are mainly moving to manufacture poor hybrids with very limited range.

As soon as brexit and covid19 shocks the job market more a lot of these people will want rid of their car burden. £400 to £500 per month for a car they barely drive isn't a good idea and most people will eventually wake up to this notion. The main problem will be for the manufacturer created banks that fund these people. The Financial Times has often published investigations into these banks and, 3 years ago, stated they are very frothy and could lead to a domino effect on markets, particularly causing the Germany economy to suffer once people realise all cars do roughly the same thing and the German vehicles aren't as reliable or cheap to service/fix as the marketing suggests.

[darmstadt]

You think people in the EU give a tulip about Cornwall now: Huge lithium reserves in Portugal | MININGMETALnews.com

[Old Greg]

So you are relying on IFs?

And you are relying on politicians to do what they promise?

What’s the cost of labour, pensions, safety laws, environmental laws in post-default Argentina vs UK?

People will pay premium for higher grade stuff, not lower.

Cornwall is better off keeping clean environment and selling 2nd houses to successful tycoons from Bham...

All they have left is ifs, might-have-beens and a victim complex.

[AtW]

Cornwall has a long history of tin-mining. If you'd ever been there, you would have seen the remnants of old tin mines everywhere. Now it's full of rich Londoners with second homes, the protests against new mining operations will be loud and endless, so no need to worry, the pristine Cornish landscape which you've clearly never seen will be protected.

Yes, remnants, do you know why they are remnants?

Because getting same stuff from 3rd world is a LOT cheaper even if they were paid as much to do it, which they ain’t.

[AtW]

It all depends on whether or not you believe the boasts of governments around the world that they are going to try and implement environmental targets.

Even if they make a half-hearted attempt at it the price of Lithium is going to soar. If you have a ready supply of it then you are going to be in a strong position.

So you are relying on IFs?

And you are relying on politicians to do what they promise?

What’s the cost of labour, pensions, safety laws, environmental laws in post-default Argentina vs UK?

People will pay premium for higher grade stuff, not lower.

Cornwall is better off keeping clean environment and selling 2nd houses to successful tycoons from Bham...

[WTFH]

So we have an allegedly Scottish Devonian who says that Cornwall is best. Not surprised he was sacked from boiling spuds for the TA, he’s got zero loyalty for anyone.

[Old Greg]

The Brexiteer cretins seem agitated. You’d think they would be excited at the cusp of the national resurgence.

[Mordac]

They are not "readily available" and if competition is of "higher grade" then this lower grade stuff won't fetch a premium and will have to be very cheap in order to stay competitive, is that even possible with UK level of taxes/employment laws? Unlikely.

Cornwall is probably better off without having large scale mining operation running there anyway.

Cornwall has a long history of tin-mining. If you'd ever been there, you would have seen the remnants of old tin mines everywhere. Now it's full of rich Londoners with second homes, the protests against new mining operations will be loud and endless, so no need to worry, the pristine Cornish landscape which you've clearly never seen will be protected.

[shaunbhoy]

Let's check this assertion



Source: Lithium | 2017-2020 Data | 2021-2022 Forecast | Price | Quote | Chart | Historical

Does this chart look to you as the one for a commodity that is in short supply?

In 3 years the price dropped 4 times! The world needs more of this stuff but only at much lower price points.

If Cornwall was in China then it would have worked (just like coal there).

It all depends on whether or not you believe the boasts of governments around the world that they are going to try and implement environmental targets.

Even if they make a half-hearted attempt at it the price of Lithium is going to soar. If you have a ready supply of it then you are going to be in a strong position.

[AtW]

Not when there is a worldwide shortage of the stuff

Let's check this assertion



Source: Lithium | 2017-2020 Data | 2021-2022 Forecast | Price | Quote | Chart | Historical

Does this chart look to you as the one for a commodity that is in short supply?

In 3 years the price dropped 4 times! The world needs more of this stuff but only at much lower price points.

If Cornwall was in China then (maybe, if the lower grade is not a show stopper) it would have worked (just like coal there).

[shaunbhoy]

They are not "readily available" and if competition is of "higher grade" then this lower grade stuff won't fetch a premium and will have to be very cheap in order to stay competitive, is that even possible with UK level of taxes/employment laws? Unlikely.

Not when there is a worldwide shortage of the stuff, and your fatuous argument is much like "Why would you eat at this excellent restaurant when there is a Michelin starred one a few miles down the road?"

This week MetAmpere, the first company to drill lithium exploration holes in the UK, described their test results from Cornwall as “staggeringly good”.

Having successfully completed 6 exploration drill holes at the site near St Austell, MetAmpere’s laboratory analysis of that drilling revealed over 200 metres of continuous lithium mineralisation from the surface.
In the end, several hundred million tonnes could be extracted from the site. The initial project is to build a quarry and processing plant capable of producing 20,000 tonnes of the highly sought-after metal each year – sufficient to power a whopping 350,000 electric vehicles.

Cornwall is probably better off without having large scale mining operation running there anyway.

You obviously don't know much about the history of Cornwall. I'll add that to the burgeoning list of topics for which you display a frighteningly severe ignorance.

[AtW]

So that means we can't use the readily available decent quality Cornish stuff then?

They are not "readily available" and if competition is of "higher grade" then this lower grade stuff won't fetch a premium and will have to be very cheap in order to stay competitive, is that even possible with UK level of taxes/employment laws? Unlikely.

Cornwall is probably better off without having large scale mining operation running there anyway.

[Old Greg]

Lithium is the new coal, get them kids digging - your pension is now sorteed!

Dig for victory!