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Ann: Quarterly Reports - December 2017, page-156

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kenalex

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18/01/18

12:09

Post #: 30393477
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Originally posted by denisd ↑

This is what Joe Lowry had to say and I trust his view on Lithium implicitly

Qte

There is no reason for the major lithium related stocks to be “hit” due to fears of oversupply and dropping prices – whether some are currently overvalued is a different discussion we won’t deal with today. Pundits with limited knowledge are making a big deal of the potential for oversupply based on: the soon to be announced SQM – Corfo agreement, new projects in Australia coming online and the recent Orocobre announcement of plans to expand and Toyota Tsusho’s equity investment. These items along with the fact that price in China as reported by one media outlet dropped a few percent are taken as evidence that the days of high pricing and tight market are coming to an end. Don't bet on it. The tight market will remain into the next decade. That doesn't mean China prices won't fluctuate wildly at times. Let me spout some lithium heresy: the price in China isn't that important, focus on the price in Japan, Korea and ROW. Before most of you were interested we have seen widely disconnected prices before.

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I have been reading those article and reports on lithium oversupply...
but demand for lithium has been in flux and has been higher than expected...

GXY Price at posting: $3.94 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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