The new CEO of ASX lithium hopeful Battery Age Minerals (ASX:BM8) Gerard O’Donovan has seen it all since he first stepped into lithium in 2015, eventually becoming the project manager on the concentrator at Pilbara Minerals’ (ASX:PLS) Pilgangoora mine.
From there he saw the downturn as the new supply brought on by WA miners like Pilbara flooded the market, before leaving to work on Rio’s Winu’s copper-gold discovery, and returned to oversee the rebuild of the Ngangaju plant at Pilgangoora, acquired from PLS’ collapsed neighbour Altura, as the lithium market rose like a phoenix to new heights.
With over seven years at the coalface, O’Donovan is well placed to comment on predictions the lithium market, stirred to record levels amid a supply shortage prompted by an explosion in global electric vehicle sales, could face a crash.
“There’s a big misnomer and there’s a massive amount of investment in gigafactories,” he said. “But a gigafactory can be built in half the time, even less, than it takes to develop a raw material mine.
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