ASX Today, page-37691

The key is long term economic viability here, currently China lithium spot price has a significant influence on selling price of ASX companies, as China has learnt lessons from paying high price for iron ore over US$120/t (despite big producers cost is around US$20/t).

Even at currently China spot price (after >80% drop), large spodumene producers are still able to make profit. That's big difference between LTR and SYR. Also, China has plenty of graphite, and able to produce at a cheap price (simply they do not rely on importing).

As long as long term outlook is promising, the stock price will recover, just like PLS dropped to 12.5c, FMG dropped to $1.34, but if economic viability failed, you don't have a chance to survive.

All imo.