"Batteries accounted for 35 per cent of all lithium use in 2015, up from 25 per cent in 2007.
Given this demand, Morningstar recently increased its 2017 lithium price forecast to US$10,250 per metric ton from US$9,000 per metric ton based on strong export pricing out of Chile and predictions the market could become undersupplied."
Forecasts coming in for 2017 already at $10,250. Exciting to see what sort of pricing and contractual terms GXY will secure for 2018. Thoughts anyone?
GXY Price at posting:
$2.82 Sentiment: Buy Disclosure: Held
