For anyone familiar with PLS's BMX Auction, back in Sep-21 we were all so blown away and stoked that they achieved more than US $2000/t.
For any producer of Spod now they are creaming it!, For ESS who plan to produce in 2025, even with say a ceiling of Spod pricing of US$5K/t they will be printing money with revenue close to 10 times the production cost.
A lot of 'dodgy' Reports by investment banks suggesting prices to come down, however right now there is not one shred of evidence of that happening and with the amount of demand expected and suggested by all respected industry experts, I cant see how prices can ever come down a significant amount as we need.
In PLS's latest investor presentation they suggest that with all the known mines planned mines by 2040, they expect that the a deficit in lithium by 2040 is
the equivalent of ~18 Pilgangooras - so where is all the Li going to come from?
