Thank you for always keeping us up to date with these.
The trend in the data really is coming up strong with the price decline in NCM. I interpret this as really showing that China is really backing away with interest growing in LFP based technologies. It appears that NCM usage will become more dependent on the foreign brands for its use and growth.
I guess key for us is that spod goes into both carb and hydr and they are needed regardless. Sales numbers of EVs continue to grow, battery factories continue to grow and pricing should remain firm. Does it go above $800 short term? Maybe just temporarily. I have a feeling that over the next few months it will find a home somewhere between 700-800 until closer to 2022.Then we will probably see new higher highs. Regardless anything here GXY and other producers are making tonnes of cash and that is great!
Popcorn action waiting for events and pricing action to play out.
GXY Price at posting:
$3.46 Sentiment: Buy Disclosure: Held
