Here's one motivation I can see, courtesy of IBB from a post at the neighbours's...
From an extract from latest Citi Research Equities ..."Earlier this year in [COLOR=rgb(0.000000%, 0.000000%, 100.000000%)]Lithium: Price Has Momentum [/COLOR]we expected ~35kt LCE of new supply to join the lithium market during 2016. However, as the year draws to an end we now expect little over 10kt being delivered from the projects. This 70% lower than forecast (Figure 7) delivery has been driven by some noteworthy projects that have slipped on delivery: Orocobre’s Olaroz, Galaxy’s Mt. Cattlin, Albemarle’s LaNegra and Neometals’ Mt. Marion. This presents a key question for future supply (Figure 4) as to whether actual delivery from the growing list of publicized projects can actually be achieved"
Draw your own conclusions.
AJM Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
