My analysis and questions on this
- 117% Y-O-Y growth in China and 32% in Europe, good news (strong demand side)
- If the key limiting factor on growth forecasts is raw material supply (Lithium) then the market cannot be balanced at least for the next few years (i.e. running a deficit) so floor prices could be around what the current price for spodumene is $7000+
- Their price forecasts for spodumene at $6500 US in 2023 and $4030 for 2024 don't make sense if EV demand is supply bound due to raw material supply. Someone make me make sense of this? If we're still in a deficit situation why would prices fall?
- They said MIN and IGO were preferred stocks, giving overweight sentiment. Based on what?
- Least preferred on valuation grounds was PLS but offered the most leverage to near-term pricing (seems a bit contradictory)
Never heard of Barrenjoey's so don't know how good they are.. i think i'll personally stick to RK Equity and Joe Lowry personally
My analysis and questions on this117% Y-O-Y growth in China and...
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$3.07 |
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