Albermarle UP over 6% overnight SQM and Sigma good moves as well
congratulations team WildCat … now let our party begin
Albermarle have told the world overnight that lithium prices are at unsustainable low levels …. Potential suppliy plans have been deferred or shut off and developments must be delayed … which all bodes well for future commodity price outlook and for those companies already in production (albeit it not currently making profits)
Companies with compelling fundamentals will come back onto the corporate radars, especially if nearby existing infrastructure can be utilised. Pilbara, Gina, MinRes, Wesfarmers, Rio, Albermarle, SQM etc will be watching Wildcats next round of drilling results and scoping metallurgy most closely..
There is a school of thought now that the contiguous geometry of the Leia deposit is possibly better for mining that Andover (Azure) and the Wildcat assets at Tabba Tabba can be developed quicker because of existing Mining Lease,and other permitting hurdles..
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