Diamond hands it people. Yes lithium is in its infancy and yes there are extreme volatile swings like this. Times like this, its important to zoom out and look at the big picture. The future is bright.
- EV sales are increasing year by year.
- Albermale recently bidded 6.6bill for LTR, why would they do this if lithium is going kapoot? And Gina rinehart stepping in from the goodness of her heart?
- US is clearly keen to diversify supply chains away and compete from china with the IRA and just recently passed a draft to limit these even to Australian mines with 25%+ Chinese ties
what this all tells us is that lithium is named a 'critical mineral' for a reason -- its here to stay, contrary to what all the analyst are saying.
In the meantime, games will be played and markets volatile. If you can wait 5/10 years just sit on it and come back. Unless syaona goes bust, you'll be handsomely rewarded for your patience.
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