Yet the supply of raw materials price continues to head south. So then I ask, do we have a spod, carb and hydro oversupply?
The market says yes and the price says yes but that's not to say the market or the price can't overshoot to the downside as it did to the upside. Unfortunately this is discovered after the event. There are a huge amount of agendas at play in the media and different stories are put out by different interests to fit them.
In the end if there is a shortage or a glut the market will reflect it but not necessarily immediately its a big ship to stop and turn around...the futures market will give an indication of where traders think prices will be in the future but the futures market for Lithium is in its infancy and relatively small and not always right.
Cheers Whisky
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