We can only wait. Pity the tide has turned on lithium, happens. The period of downturn depends on government subsidies of electric vehicles, the build out of infrastructure. EV prices dropping to maintain market share. the growth has decreased in the EV market from exponential, market is re balancing for the current demand with prices, lepodite in china will be largely break-even at best ... all things out of our control.
A relatively new industry where immature demand and immature supply fall out of alignment quickly...seen it a few times.
Still happy with the lithium story, and BNR's part potentially. An exploration company like BNR should maintain a hedge in another commodity for these types of downturns. The current LI news downturn should auger well for about 3 years time when slower build out now will cause supply to undershoot in a more demanding market. awhile.
Traders will sell, I am stick and add type player, still looking fragile to the downside without news.
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We can only wait. Pity the tide has turned on lithium, happens....
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