Oh ok bigal means that the current price rise is not because of shortage. Good luck with ur taking out emotions there.
LT trade and short term trades are different. I believe u also follow closely that 2020 EV sales are through the roof and that a forecast numbers are going to change soon with Roskill and alike. Look at Berlin Giga Factory how long does it takes? look at PLL or VUL how long does it takes? 2021-2022 there will not be enough lithium producers in the market after 2025 on the contrary i think there will be no shortage of lithium although experts are calling a huge shortage. There are lots of llithium projects in the pipeline but there are very few battery grade lithium projects in the market from now till 2023.
To get a factory going is easy to get a mine going is easy too BUT to get a mine going at optimum recovery and optimizing it to battery grade for maximum profit that's a huge challenge.
Look at GXY Spod recovery, AJM recovery, MIN's recovery. EVEN PLS's recovery were bad up till last year.
Brines would take 18 months also close to 2 years from completion of construction to first product delivery. There's something worst than emotion which is ego ignoring the facts and just saying things just for saying it.
BTW I do know PLS is overvalue ATM. But there's a serious shortage coming in this year with all the producers now healthy and kicking and not flooding the market it's a good time to load up during this correction
AIMO, DYOR, GLTAH
PLS Price at posting:
97.0¢ Sentiment: Buy Disclosure: Held
(20min delay)