Running Commentary on the SP Movements., page-180

The key quote in yesterday's PLS announcement which needs to be emphasised is Ken Brinsden pertinent point about the state of the lithium market - "the market has overestimated the supply response and seriously underestimated demand for lithium". That AVZ is down today simply tells me some people don't get it. With the car industry now a signifcant demand source, BMW, Daimler, VW, Volvo, Jaguar, et al will struggle to meet their EV objectives and sales targets unless they have sufficient supply of Li2O. Simple! They Chinese will move on AVZ - it's only a questioning of timing and yesterday's PLS announcement has just incased the urgency.