Chart, page-15858

@GCar
Agree with many of your points.
Would however say the sector rally was a little perplexing given spod and li chem prices have still been falling.
In the short to medium term these prices are unsustainable because the marginal cost of production across much of the industry will be above current pricing levels already and therefore will not be able to meet demand requirements in medium term.
It is quite apparent that the large players are content to move product in the short term below industry sustainable pricing.
Sector was heavily oversold in my opinion, however major catalyst for rerate yet to occur.