Lithium has many similarities as iron ore as main demand is driven by China, as well as China is highly depending on import. Iron ore price was only around US$20 per ton before China demand emerged around 20 years ago. Iron ore price surged to US$200/t, then dropped to US$62/t during GFC, quickly recovered to US$188/t within 14 months; another big cycle down to US$39/t in December 2015, then recovered to US$95/t within 14 months.
Similarly lithium price down massively from CNY600k/t to CNY85k/t in December 2023, next year should be a massive recovery year for lithium price, imo.
Also, FMG share price hit as low as ~$1.4 during last bottom, but recovered to $3.2 within three months, now standing at $26/share.
LTR chairman put his own $10.8m at $1.8/share just 9 days ago. Gina bought around $1.3B at average price around $2.90.
It's a great opportunity at current price, imo.
All DYOR.
Lithium has many similarities as iron ore as main demand is...
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74.0¢ |
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| Open | High | Low | Value | Volume |
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