Good News & Bad News, page-38246

BMI flipped recently to a view of excess supply until 2027. It now appears they have flopped. The latest commentary leaving it open for their forecast to be adjusted. Not a good look IMO. The reality of current pricing is obviously having an effect they somehow missed.

Here’s an idea BMI. How about you work out an incentive price that is required to bring new supply on line to meet forecast demand. Apparently, you have the data and according to your website, you are the leading supply chain and energy transition intelligence. In 3 months, BMI has flip flopped.

https://unauthorised investment advice/resources/pilbara-minerals-boss-dale-henderson-is-investing-against-the-lithium-downturn-as-he-waits-for-the-perfect-storm/


“We’ve already seen a very quick reaction to low prices in this market. And you’ll see in our Q1 update a shortening of this surplus period and we’ll be entering a deficit period a lot sooner than what we were forecasting in the last quarter, just three months ago.

“So we do need new projects and we do need them to be continually be developing, it’s just that they won’t be during this price cycle and those …. high quality projects and management teams that do so will be the ones in a great position when prices once again turn around and they will.”