@goldstream Lithium giant SQM, on track to produce 46k-48k tonnes of lithium this year, has indicated it is shooting for 63k tonnes next year, in a global environment of falling lithium prices and claims of oversupply. It's basically saying it is prepared to make lithium prices fall further in order to get its volume up. Therefore the market is looking at the likelihood of still lower prices. The LIT ETF fell nearly 2.83% overnight, so ASX lithium stocks are generally having a bad day, and ORE with its nice results ends up relatively flat.
Wouldn't want to be holding hard rock lithium miners. Happy holding (along with Toyota) an established, profitable, cashed-up, expanding brine producer. Hard rock producers sell crushed rocks that require roasting to extract lithium. ORE sells lithium.
