First off, it's YUAN, not yaun. Second, no one's going to read...

First 39 Last

Share
Profile

Follow
Alfred90

95 Posts.

13

30/01/24

02:38

Post #: 72122969
Share

Originally posted by 1eyewizard: ↑

If one looks at market macro the whole sale price dropped from 660000 yaun peak a couple of years back to 95500 yaun
now so many lithium companies appeared and thrived like gold in the days of the wild West. the gold rush spawned a lot of madness .... producers and retail nvestors were blinded ...like the emperor who wore no clothes people missed on seeing the collapse in market price trusting gut feeling or what they perceived as the psychologically of the market missing macro event such as falling commodity price and the impact that would have on lithium producers and developers so now we have the lithium market for investors in turmoil and a massive stock pile of lithium base product bottle-necked during the boom,looking for customers who are behaving like pigs in mountains of mud and the Chinese just happy to push down the price even further with an inferior product and the second largest market the US with a gov too busy cowtowing to arms and oil lobbies to bother nurturing its domestic lithium mines into production stalling the permitting process such as blm approval for big sandy and others...the situation is like what happened with the over supply of oil eg the price drops they cut production or the case of the maccdamia prices in Australia they chopped down a large percentage of the crop to force a scarcity and the price would rise so the moment in lithium sector companies are mothballing mines or stopping development to break the bottleneck and force wholesale price up again with the supply and demand formula the turn around in wholesale price will happen when who but just like the current uranium price which took away invester funds from lithium our day will come again but it takes alot of courage to see in the dark night staring eyes to see morning light ...all the best and keep a watch on wholesale price and read lithium reviews on market index .com au etc...

Expand

First off, it's YUAN, not yaun. Second, no one's going to read your great wall of text.

AZL Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply