GXY 0.00% $5.28 galaxy resources limited

Don't get too excited, page-113

  1. 7,653 Posts.
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    In response to @asb83

    that was the same reason why Iron Ore prices went down in 2015..

    quiet a few juniors, explorers and producers went bust ....almost killed of FMG and you know very well what happened after.

    Of course wont happen with Lithium cos lithium is just another commodity and a metal (Iron ore is not a commodity nor a metal) and the demand of lithium is only going to get lower in the coming years , right?

    and the supply is only going to increase with all producers scaling back, juniors and explorers and high cost producers going bust so the supply of lithium is ONLY GOING TO INCREASE.

    nothing like iron ore...... that was way different.

    rolleyes.pngrolleyes.pngrolleyes.png
 
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