I think there is too much of a hard floor for pricing to go below $600. That floor was well established prior to the current Trump tarrif mania. IMO too many are looking backwards to the last cycle floor as a guide.
Current pricing is historically on the higher side still. That has allowed WA operations that have seen major cost increases in the past 5 years to remain viable / borderline while also opening the market to more expensive sources like Lepidolite.
My current expectation is for CATL to continue to "manage the oxygen".
PLS Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
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