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clock Created with Sketch. 23/11/23
17:29
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Originally posted by DoBetter:
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The Lithium market has surely changed. Only 12 months ago, all I read was how critical the lithium shortage was all the way out to 2030.. Even if all developing mines came into production, it still wouldn't satisfy the demand. GS were criticiised from pillar to post when they predicted a surplus. What would bankers know, Benchmark were industry experts they were the ones to believe and they forecasted an insatiable demand.. 10 years to bring a mine to production, supply was going to be tight for a looooong time.
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agree totally particularly with last paragraph. Can’t help but think things are worse than they are. Hence been exiting. Happy to wear a loss on this and not bitter as that’s the market. Everything has a cycle, just unnerved the narrative has changed so quick as you point out Dobetter. Things will swing but now not sure when and capital reservation is now key for me. Will look to other Li players which I can only assume to bounce harder than SYA. Time for a stiff after work drink me thinks. Luck to all.
(20min delay)