I see @anatol you keep plugging the EV demand narrative but all I see is a lot of supply coming into the market. All from opaque sources that are difficult to understand, but it's all Chinese Lepidolite, Brazil, Argentinian and African sources, all at very cheap rates. As you can all see plainly the price of lithium is being affected by this supply glut.
This leaves a few unanswered questions:
How long will this go on for? What is the capacity of all this extra supply - how many years worth of supply is there? Our lithium is contracted by offtakes - we will soon see how profitable we will be, given the high opex and debts and low lithium prices. This is the big risk and why shorters are out in force in the lithium space. If we don't hit our targets, SP will tank. Could be a long wait for recovery in the lithium world.
I'm happy to ride it out but could be a long slog.
What catalysts are on the horizon that will change the whole lithium market and cycle to a bull case again? I can't see many and that is a worry and risk.
LTR Price at posting:
93.8¢ Sentiment: Hold Disclosure: Held
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