Or the market is starting to mature and maybe the price will stay around $1000 to $1200 US. Good coin can be made at that price with an efficient mine on large scale.
Also demand for SPOD is based on demand from processing plants that make Carbonate/Hydroxide once supply matches that there is no place but down for SPOD prices which is the commodity end of the product.
The barriers to building a hydroxide/carbonate plant are large capital investments and technical knowledge so its not like that can be ramped up overnight. at least 3 years to build plant from green field to battery grade hydroxide.
I expect prices to be supressed for a while yet.
As for Gina's investment, she has Iron Ore mines and fully understands the process of volume and price and efficiency at scale.
I sold my Li stocks while in the green - i may come back when conditions change.
RDN Price at posting:
3.8¢ Sentiment: None Disclosure: Not Held
