Which low cost producers are you referring to?
As regarding expecting lithium to go up 1 to 2% a day, it did it last time it shot up and somewhat faster.
At the current price, it needs to go up 18% to get back into profit, based on the cost of production from the last half year report. So if this rate of increase carries on, they could be back into the ability to profitably mine in 3 weeks.. but I think 5 to 6 weeks is more realistic.
If I was them and I see the spod price keep going on up at this rate, I'd be well into planning on warming up the mining operation.
As always DYOR.
Which low cost producers are you referring to? As regarding...
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