2025 Charts, page-161

We've got US-owned briners looking like this (ready for a swing to positive monthly MACD in the next few months)



Aussie hardrock much more behind on the cycle and looking further from a turn to positive monthly MACD (this is PLS)



If you notice on Howard Klein's scoresheet on X / Twitter, you'll see all the established briners, half the hardrock guys and the top emerging companies having some nice gains in the last 3 months.

This is in-line with my theory that the big guys turn first, and the juniors turn anywhere from 3-12 months after (including AGY)


By the way, on my point of lithium price being low to dis-incentivise future supply -- look at all those "emerging companies" that are being dis-incentivised by low prices; yes, current companies can flog on the supply but favourable conditions are ideal for emerging companies to get their financing.