Originally posted by GCar
Hi Thomo,
Yes, I am familiar with this chart!
We need to focus on what is truly relevant to us, and put the various reported prices into context.
For example, quality carbonate pricing from South America is essentially flat.
The Chinese crap quality stockpiles skewed the numbers a lot, as discussed here a lot recently!
As far as spod goes, let's wait to see what GXY's 2019 procing looks like before getting carried away by the doom and gloom stories.
My guess is that it will be about the same as 2018.
We will see.
Margins are healthy at current prices; even a slight decrease doesn't really matter in the scheme of things - the hockey stick is still taking shape!
Good luck
We need to focus on what is truly relevant to us, and put the various reported prices into context.
Have you not noticed the correlation between LIT ETF and GXY? GXY is a commodity producer and as a commodity producer has been discounted with the entire sector and it will reprice with the sector and the LIT ETF is the best available proxy for that.
The Lithium ETF is more relevant to the GXY share price than your Chinese whispers with various carbonate prices, it is more relevant than any other metric right now outside of the supply / demand fundamentals of the big four. You can fight it all you want but a small player like GXY moves in the wake of Albemarle, SQM and the wider lithium sector.