Thanks for posting that report by UBS. The report is dated June 26th which is after
China announced the $50 biliion plus subsidy payment program for ev purchases.
The report makes no mention of this action. Are they kidding me?
Also, the report continues to base its long term share price outlook on spodumeme
at $1300 per ton. At $2200 per ton their share price moves up to$6.60. That;s
at only $2200 per ton. Are they kidding me?
UBS and others of their ilk remain married to supply overcoming and surpassing
demand long term. And yet for every one positive announcement we read about the
progress of a new lithium mine project we read a substantially larger number of announcements
indicating major cost overruns and more importantly meaningful delays. None of these negative
announcements causes them to modify their long term spod price projections. Are they kidding me?
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