"Serious SP appreciation will only happen when Spod prices improve significantly"
so says a Long Term LTR hodler.
It finally dawn on them now that it will be a serious wait, a lithium winter hibernation. All that spruiking and denial has now toned down, no need to throw good money after bad, buying 'bottoms' in a falling knife.
If people had listened to LTR forum chanting and spruiking about the forthcoming production and Ascendancy as the positive catalyst, they would have been lured into a spiraling decline from $1.20-1.50 or up to -50% loss!
I reckon SC price will have to improve >$1,200 to see a turnaround in fortune for lithium stocks. That is some 55% rise from where we are now.
IMO that won't happen because
1. like I said, the spot market pricing will only start to improve when Western auto makers get their EV act together. That may not happen for another 2 years at least.
2. a recession or a global slowdown close to a recession would dampen EV demand and autos in general for at least 18 months to come
3. by the time Western EVs start to ramp up in 2026-27, more Western lithium mines would be generating new supplies into the market. That would offset to a great degree the additional demand then.
