Share
6,912 Posts.
lightbulb Created with Sketch. 4174
clock Created with Sketch. 30/07/24
15:30
Share
Originally posted by babytalk:
↑
Not all supply is created equal. If you open your mind to the evidence of the poor quality supply coming out of African and other places at unsustainable costs which require higher inputs (that some analysts may not have accounted for) to reach expected recover rates and volume, then it is not unreasonable to doubt the sustainable nature of current and projected supply numbers being thrown about and impact on spot price volatility. And the eventual effects this low price environment will do to production. Perhaps this is part of China's intent as dominant market force, as others say, to suppress prices and better advantage themselves - perhaps not.
Expand
Wouldn't pay too much attention to asb. asb83 thought it could see things clearly back in 2020 also and missed out retirement because it didn't have skin in the game and the cognitive negative bias towards PLS . We ignored asb then, thank goodness. Here are some examples of asb posts back in 2020/21. After the 194.5 sell and call of 1.60 in Oct 2021, the SP promptly rose to a then new ATH.https://hotcopper.com.au/posts/56540441/single https://hotcopper.com.au/posts/43455511/single
(20min delay)