Is your math based on some real evidence or just hope and pray? Demand growing at 15-20% pa, while supply has stalled and yet all the evidence from the latest quarterlies shows prices received falling, with some producers barely breaking even or worse making losses.
How quickly do you think the debt laden producers will turn on the supply fllood gates if and when there is an up tick in prices? Provided they are still around when prices turn, they will be meeting any pick up in demand as quickly as they can in order to survive.
Double digit demand growth is forecast only by those that bought into the hype and are now hanging onto their lofty dreams. The rest have adjusted their expectations based on what the market is telling them.
Good News & Bad News, page-2690
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