What's your view on timing for a bottom to form for SC6?
I've been saying for a little while now that CNY this year will roughly form the bottom for SC6 with some rises in SC6 prices roughly starting towards the end of February (after the CNY week holiday).
SC6 prices where they are now simply aren't sustainable if you make some basic assumptions about demand growth over the next 5 years for EV's and batteries generally. For example, It's not too far lower than these levels (if not already) that I think LTR will not be able to make a profit in it's first 6 months). CXO is already unprofitable, SYA is likely already burning cash, one of GL1's largest shareholder just dumped their entire shareholding on Friday and today and their Manna deposit is also uneconomic at current prices....
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