@DaisyA point 3 is particularly important when you look at Chinese production over the last 12 months - admittedly domestic.
I think most would agree prices have been poor for 12 months but look at the increase of Chinese supply in the figure below. They are taking a strategic view. Very long term to keep bringing on supply.
TO saying the price is below incentive and no projects are coming online is nice to hear for investors but a deeper look and it doesn't apply to the Chinese.
Also ignores Thacker Pass which just last quarter got a positive FID, although I don't believe that will go smoothly for that JV.
My personal takeaway is that supply is coming online. I don't like to see it but am not ignorant to it. The demand side is why I remain invested in Lithium.
LTR Price at posting:
54.3¢ Sentiment: Buy Disclosure: Held
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