Good post Horse, personally I think we may touch US$19,000 this year. Chinese carbonate prices went from a high of 160,000 yuan to 38,000 last year. Currently up around 80% since December.
Current market activity is looking likely that the forecast deficit in lithium mine funding is well underestimated.
What we are seeing now is just a precursor to the actual environment we are about to enter.
For those that have been here since the lithium boom in 2016/17 you have seen nothing yet, we didn’t have legs back then, just optimistic ideas how this might play out.
Now we have sticky bits sticking out everywhere, of note, carmakers fully committed, energy storage an ongoing and well evolved story.
Car makers going directly to miners, this was all foretold by Simon Moore’s over two years ago, I reckon he’s been smack on the money soo far.
Good luck to all.
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