Compelling opportunity, page-5426

There're some profit taking happening over last two weeks, mainly from the retail.
Some prefer to take some profit off the table.
Over last few days, China EV makers and government are trying to cool down lithium price, similar actions as they have taken for iron ore trying to push down iron ore price, they did, but not long iron ore price started going up again. Not long ago, long term iron ore price was expected to be around US$60-70 per ton where big four producers cost is only around US$20 per ton. But today's iron ore price is sitting above US$150 per ton despite of glooming outlook of China property market. I think lithium price will cool down over coming months, but it won't come back under US$30,000 per ton. China would be very happy if lithium carbonate price stayed at around US$50,000 - 60,000 per ton as some institutions pointed out.

All imo.