I think spod price will be high till new juniors actually start mining and the prices settle down.
But one I am certain is even as new mines start prodcuing it wont settle down much more than $1500 till 2025
The analyst view is that every junior on the card at the moment starting production, will still mean EV makers need more than expected supply.
Eventually all cycles will end and an equalirbrium will be met.
I think spod price will be high till new juniors actually start...
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