General Discussion, page-10662

Whilst the likely outcome for Leo is not what I envisaged when I first invested, it is certainly far better than what could have happened, we are lucky Ganfeng were willing to pay a good price for Leo.

As the chart below taken from the Webinar presentation shows, nearly all lithium stocks have seen big falls because of the underlying commodity prices. I don’t own any lithium stocks besides Leo (which I would have sold a long time ago along with the others). To compound this pricing we have only seen small quantities of supply come off, such as CXO. Soon we’ll have LTR + Goulamina producing an annualised 500kt each of SP6 adding to the over supply. PLS, MinRes etc are all expanding their production, only the biggest low cost producers will survive including Goulamina.

Then there is a large brine supply about to come on to the market from S America. Hard rock can’t compete with brine for cost, especially as EVs seem to be going more to LFP batteries that predominantly use Carbonate - not Hydroxide made from hard rock.

Even Kikker1959 thinks LTR’s plant will end up in care & maintenance (see below post on LTR thread), their CEO appealing for Government support, today’s news has Mt Caitlan looking at C&M.

I think Lithium will once again have it’s day in the sunshine, but not anytime soon.