Any comment on why the reputable forecasters (Benchmark, Wood MacKenzie, Roskills) have the medium term (say 4-5 years) price for Spod falling?Could it have anything to do with oncoming supply? Now some on other forums see no supply coming on in next 18months or so, but can not recognise is not true: Core (180kt - others think just a minnow), Mt Holland, Widgiemooltha 180kt ish by 2023/24 (albeit going to LiOH if ready), Arcadia project in Nambia (230kt, but only 190kt ish spod, in 2024), LLL in Africa by 2024, AVZ - no comment, PLS with projects P680 and P1000 in 2023 & 2024, LTR in 2024 (although some say ready next week? uprampers I think), Greenbushes undertaking crushing upgrade (nephew works there so.. he said, he said, he said type info..), may have left off a few and thats just hard rock spod.Attached pic, self explanatory.
MinResA.pdfAs previously said to a LTR poster who dropped into to comment, I would rather be riding the crest of the wave than be paddling for it, cash on the balance sheet is good.
Any comment on why the reputable forecasters (Benchmark, Wood...
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