Ann: At The Market Raise, page-89

I don’t think it’s as simple as that.

Production has circa doubled since then.
There is a production cost curve, and costs vary significantly. Also consider AISC vs cash costs.
Demand continues to increase; new projects at the higher end of the cost curve need to be incentivised by higher pricing.
Also, there is no single “li price”. Afaict the prices for various products in various markets vary substantially.
If all prices being received now halved from here, how many producers would remain profitable? Where would the additional +200ktpa LCE required come from next year, the year after, etc…?

…and what happens if the product from China is somehow “on the nose”, for whatever reason, and other countries want Li chemicals from elsewhere…?

Lots to consider!


imo
Dyor