Good News & Bad News, page-46191

Few of my own personal musings.

The annoucement from CATL while supportive of lithium prices probably doesn't do a lot for the LTR's and explorers of the world.

The simple fact that this swing production exists probably puts a cap on lithium prices for long periods of time. We may get short burts where the market is short, but it's likely events like that don't last a long time and the market will be acutley aware of it.

This makes the investment case for PLS even more compelling in my view. Low cost producers who can continue to expand production through these lower price envrionments will continue to enjoy the upside when we see this production cuts. The likes of ALTM, ALB, LTR, have exposed themselves as having cost bases which are susceptible to swings below $1,000 u/s.

Over this period PLS has not only increased production, they have continued with their ramp plans, potentially acquired another Tier 1 asset at the very bottom of the market. PLS has deserved it's premium and I believe will be the greatest benefactor over the next 6 to 12 months. I remain unconvinced other exploration assets are of much value.