When in doubt, follow the big money. There's no price collapse. Contract prices have risen.
By Yusuf KhanFeb. 20, 2023 12:27 pm ET |
LG Chem will commit $75 million to Piedmont in return for a 5.7% stake in the miner,
Although prices will vary over time, currently 50,000 tons of spodumene would cost $337.5 million, according to U.K. price reporting agency Fastmarkets, which priced a ton at $6,750 a ton last week.
"Ford Motor Co. and SK Innovation plan to invest $5.6 billion in an electric-vehicle and battery-manufacturing plant"
GM is a castle (career/wealth) builder, good at executing projects. SB is a people person/ business builder. Two different personalities. You are worry of losing your hard earned savings from a job you don't like. Yelling at the sky and reading HC posts and charts won't help you. Knowing what's happening in the industry will.
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When in doubt, follow the big money. There's no price collapse....
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