As of July 12, 2024, the market data shows the following: 1. Lithium Carbonate (99.5% Min China Spot) • Price: $12,349.60 • 1-day Change: -$13.76 (-0.11%) • Year-to-Date (YTD) Change: -9.73% 2. Spodumene Concentrate (6%, CIF China) • Price: $1,019.00 • 1-day Change: -$3.00 (-0.29%) • Year-to-Date (YTD) Change: -22.51%The data indicates that both lithium carbonate and spodumene concentrate have experienced significant declines over the year, with a YTD decrease of 9.73% and 22.51%, respectively. These declines suggest that we might currently be at a market bottom for lithium prices.Considering these trends, it is reasonable to anticipate a rebound in lithium prices in the near future. As global demand for lithium continues to grow, particularly driven by the expanding electric vehicle (EV) market and renewable energy storage solutions, the upward pressure on prices is expected to increase.Therefore, it is foreseeable that LPM will experience price and value appreciation over time. The current low prices present a strategic opportunity for investment, with the potential for substantial returns as the market recovers and prices rise. When I say: 14/15c is a gift I really mean it. This is the time to invest in LPM. Investing 50k now will make you a millionaire in 2028.
LPM Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
