I dunno.
The long term price of Li is modelled between $30-40k which is profitable for all.
I get that higher prices temp the notion that everything gets built but everything was never gonna get built.
DLE for example has always been a pipe dream. Its development pathway is so far out if economic.
Small spod projects the same.
We are in the producer game though.
Our challenge is size.
@2k conservative 40c
@12k conservative 240c
The value is there unless you think price is going well below $30k sustained long term.
I don't it's sbout $31k atm.
China running inventories down shakeout just like they do Fe.
Price will come back.
Makes no sense other than all rushing for exit not even knowing why.
imho
dyor
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