Macquarie forecast lithium spodumene concentrate price will be US$5,000/t for 2024 - 2027 last year. Obviously they are the expert!
First quarter of the calendar year, is the lowest demand for the year in China, if someone with a bit knowledge of China car sales, will know what will happen after the first quarter.
Also, the stock market are forward looking, usually react few months ahead.
All imo.
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