SQM got $100 loan from korea bank to develop Mt Holland lithium mine. SQM needs to supply $470 mil worth of lithium to korean battery makers for a period of 10 years.
Now seem like to secure supply, one has to either prepay, loan or equity investing in the miners/developers.
These factors say that supply will be tight and in deficit for years to come. Supply and demand will dictate price.
* PLS WILL REACH - $5.27 - by 31 Dec 22. * - imo, page-376
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$2.83 |
Change
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Mkt cap ! $8.519B | |||
| Open | High | Low | Value | Volume |
| $2.81 | $2.90 | $2.80 | $59.28M | 20.75M |
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| No. | Vol. | Price($) |
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| 22 | 196665 | $2.83 |
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| Price($) | Vol. | No. |
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