...there are incredibly a lot of lithium stale bulls - who had chosen to hold on longer than they should have had.
...as hopeful as they have ever been, now they have to opt for positive spin narratives to help them keep the faith and hope to entice newbies into a FOMO rebound.
...have people not learn that any bounce is merely triggered by bottom-speak that bears no reflection of prevailing and forward macro conditions. Lithium would have to endure an extended winter hibernation, avoid getting trapped in one.
...why would this slightly above spot price matter, Gigi? Spod would need to be above $1,200 to justify present market valuation for our ASX lithium major producers.
#lithium
For the 2nd time in 6 months $ALB has sold a shipment of spodumene concentrate at an auction price more than 10% higher than the current market rate. This sale involved 16,150 tonnes of concentrate at a price of $870 USD per tonne.
