As I understand it - The CIF Asia Li2CO3 price is normalised to deliveries at the Shanghai port. And Shanghai is suffering a broad lockdown because the govt are trying to limit the spread of the spicy cough.
So, as much as I/we would like a bounce off this suggested support, don't you think it's also (?more?) likely to continue it's downward trend for as long as Shanghai/China is locked down?
That's not to say that the broader trend (towards the milestone year of 2030 set by many governments around the world) is like a coiled/compressed spring, and when Shanghai/China are let out again, we're going to get a giant gain back towards 60-70c...then dollar + territory
Thoughts?
AGY Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
