Thanks for your insightful post @anatol. You reminded everyone about the lack of understanding of the end to end supply chain
what surprised some of us was the speed at which spodumene prices went bonkers then how it went in reverse. We all have a better understanding now.
Considering essentially all of pls capacity is committed, and reduction of supply left and right (GB reduced production, much of lepedolite capacity taken out, CXO’s out etc), there is growing sign for a significant rise, it may not be as high as 2022 levels, but it’s been demonstrated no one, absolutely no one can control and manipulate the price forever.
We can expect LTR’s production will be timed in perfection for the next sc6 price leg up
Don’t forget the $9 billion upside if the earnings are valued closer to metrics accorded peers
even if azs will achieve one billion tonnes, Gina will have to wait until she’s 76 or 77 y-o before it can start production.
I wouldn’t want to wait until my twilight years before i can commence production
(20min delay)