Back to December 2015 while iron ore price bottomed at US$39/t, iron ore producer BCI announced to wind down production. Coincidentally, lithium Chinese spot price bottomed in December 2023 (I firmly believe), CXO now wind down production. Interestingly, China had 8 lithium producers shut down in November 2023. Even Zimbabwe lithium miner operated by Chinese Huayou started downsizing from 1 January 2024. So tell me where’s oversupply coming from?
News unveiled yesterday, BYD is negotiating with Sigma Lithium…
SQM & Gina are paying a very high premium for AZS…
If lithium price would sustain at such low level, why would BYD, SQM and Gina aggressively acquire lithium projects?
Don’t SHO(r)T!
Thanks me later
Those 200m shorts will be burnt badly.
The Shorters should have a look at what happened to FMG shorting from
January 2016 onwards.
all imo.
https://x.com/thematicafunds/status/1745788045247300021?s=46&t=FOUpw3Y5c80dFwXjyAZUtw
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