Currently spodumene concentrate (SC6) price is USD$8,288/ton.
Thesse broker research reports are based on around 80% discount to spot spodumene concentrate price.
Have a look at anything other commodities cycles, price usually dropped hard, but the worst scenario was dropping by around 80%, then quickly recovered and stabilising 40% of its peak level, that means long term price would be around double the bottom price, iron ore price is very good example due to many similarities (main demand from China and china highly depending on import).
all imo.
[ATTACH] Currently spodumene concentrate (SC6) price is...
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