(Edit: re above video)
So, he reckons longer-term pricing will settle around $12-$13k per tonne....?
Imo, that may be the case, but not within the next 5 years or so, because afaict there is no way the supply shortfall will NOT grow during that period....there is no way afaict that new projects can flick the switch within that timeframe to keep up with demand growth. Not even close.
This means higher prices for at least 5 years, imo, as customers fight over the limited supply.
Only when adequate investment is poured into new project development, will we see the supply response surge, but imo that will take several years to play out, once those billions are actually on the table. Some new players are gearing up and existing suppliers may expand, sure, but they can only do so much and imo not enough with the unfolding demand!
Interesting times ahead!
$$$$$AGY big year ahead!
Li-related News/Articles/Reports, page-373
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