the current lithium mumbo jumbo reminds me that of the iron ore...

the current lithium mumbo jumbo reminds me that of the iron ore cycle. early days when China started consuming it by the truckload the price shot up. only to fall back to earth. it rose again much like lithium did in the early days. then came the commodity slump circa 2016. at this time the price of an fmg share price was $2.28. the absolute trillions that was being fed to investors from the likes of Goldman sachs around this time was that iron ore would be $35-45 a tonne for the next 2 years.

of course this was to fuel there own narrative. many of the aspiring iron ore producers in Africa and the high cost ones in Aus disappeared. the ones remaining were those with TIER 1 assets.

moral of the story accumulate when these rodents are rubbishing a stock and hold. there will be only a few lithium producers to come out the other side but those that do will reap the rewards and be hear to stay.