Not out of the question No61.
I see it dependent on two things....
Off-take agreements. If we land a big one like Panasonic or BYD in China it could double in a week imo. For me that will be the biggest shorter term driver. Whoever it's with you can bet our Lithium will be processed in China. It needs a name that makes people salivate and gets international press for those huge gains.
Supply/demand and how that flows into pricing. That pricing will be led by China spot as it flows through to forward contracts. We all know we had a good year in 2015 through to January 2016. There has been a flattening of spot over the past two months which is to be expected. If we see it kick off again in June (would 3 months flat by then). that is the trigger I'm looking for. I'm hoping it all flow through to forward contracts being signed close to $10,000 by 2017.
Other things to watch is ev sales and how subsidies drive that market. We saw China tighten subsidies. That was on the back of some fraud from manufacturers in claims. It looks like they will change that to a subsidy on actual registration to keep it in check. Also talk of actually paying ev drivers a rebate on klms travelled and funding it with a surcharge on ICE's
I doubt that will get through as the old fraud question would make it unworkable.
Of course it's also a matter of seeing how the world as whole handles the transition and it's a very complex game. Supply, subsidies, new mines, how brine producers are effected by environmental and other issues. hype, and many other factors. It's real and it is destructive. Working out how destructive short term is very complex.
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