Moron Stanley forecasted carbonate price from S. America of $11,500 by year end and $7,200 by 2025 citing lower production cost and improved technology. IF, I say IF (because they seldom get it right) that come thru, there will be huge shake up in the industry, those relying on traditional evaporation method will be out of business (the like of SQM, Albemarle and Livent will have to abandon their ponds and adopt new extraction method). Obviously this will not happen overnight and the transition will take years or even decade, it is ludicrous that MS can model and predict the price of $7,200 with that many moving parts and unknown, it is just pure downramping to suit their agenda. Should the new tech available now or next year, say $2,000 per ton to produce, it is still a very lucrative and high margin business. Timing wise, GXY will be in the box seat and combining with high grade (less impurities) brine in SDV will be a definite winner over existing established producers.
GXY Price at posting:
$1.31 Sentiment: Hold Disclosure: Held
