Now that we have officially joined the select few of Li producers. We really need the bleeding in the Li price to stop before we can make a sustainable move up.
For those on this forum that are complaining about how this has dropped so much. The Li price when we were at $1.80 was pretty much double what it is today. Until China stops manipulating the price, we are going to stay here if not lower, with the macro in the US not looking great and goldman's ballsack hanging around like a bad smell.
Just remember the tide will turn eventually. More and more car manufacturers are coming out with EVs and EV sales are increasing significantly.
The world will need more Li and we have it.
Just imagine, when Li prices increase once again and we are in full production. Just imagine the re-rate that will occur. S
tay strong, your wallet will thank you later
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