Lithium isn't dead. Its becoming competitive!
Greenbushes is still making 50% EBITDA margin at todays prices. How many businesses offer those sort of returns?
Pilbara Minerals acquiring LRS speaks volumes about where they see the industry heading. There is growth to be had - albeit there will be more focus going forward on Costs.
I personally think , longer term US$1000 may become the new normal for selling prices and US$500 may become the upper end of cost curve. People will just need to produce more, optimize more, cut costs more and stay competitive else Chinese will eat our lunch!
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