Episode 92: Seth Goldstein

Seth Goldstein is one of the best lithium analysts – anywhere. He works for top rated investment research company Morningstar where in addition to his lithium work he also chairs their EV committee. Prior to joining Morningstar, Seth worked for Berkshire Hathaway Energy. As part of his role with Morningstar Seth follows Albemarle, SQM and Livent; however, he is also well versed on other companies in the space, as well as the EV and cathode markets. Topics include: Seth’s analytical process Analyzing the former “Big 3” When will EVs achieve cost parity with ICE vehicles? Barriers to EV adoption EV penetration in 2025 and 2030 Why building recharging infrastructure is more important than subsidies Carbonate vs hydroxide – the market split in 2030 Is the lithium industry as opaque as it seems? Seth’s thoughts on the cost curve and future pricing Albemarle’s changing price strategy Will Tesla continue to lead in EVs? Handicapping new lithium projects and expansions Will the “Big 4” continue to dominate supply in 2030 LAC – the next major? Rapid Fire From my perspective this is a “top 10” episode. Seth can be found on twitter @SethGMStar1 Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $215 billion in assets under advisement and management as of Sept. 30, 2020. The Company has operations in 29 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc. Neither I, nor Global Lithium LLC have received compensation in any form from Morningstar.