ASB told us all how GXY was a dog and would never succeed.
Nek minit 68.5c to $7.50....
Selling into a structural supply deficit.
Price of the underlying commodity both, spod, tech and battery grade all time highs. Inelastic supply curve, so we are about to find out what a Chinese heat wave does to prices. Each unit of supply taken from the deficit market will exponential increase price as demand continues to grow.
AKE price by market at $18k per tonne of LCE. current contracted price for H2 2022 $47k per tonne. For prices to fall to $18k pt the demand would have to fall to 2019 levels, note current market share of EV/PHEV is 14% global sales. Or supply will increase rapidly, perhaps new tech will have an impact? next year and enough to cave prices from $75k to $18k, doubt it very much so.
OEM screaming for lithium to ensure they can continue to existing beyond 2025.
