Converters need guaranteed supply to feed their facilities, certainly a minimum amount.
You can't rely on spot market / auctions without enormous risk that you will not at some point be short on feedstock impacting your off takes for chemicals from the Battery Producers. Fines may be built into the contracts for non supply.
Buying spot is great in times like now, but spare a thought for those paying PLS $8000 USD T in 2022. That was desperation because they had to fulfil their obligations to their customers.
Lithium is currently hated as an investment. It was in 2019 too. Those picking up stocks then did very nicely.
Patience is a virtue and not everyone has it when it comes to the stock market.
Niobium looks like the current market darling as much as Gold.
LRS General Discussion, page-18317
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16.5¢ |
Change
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Mkt cap ! $461.9M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 261000 | 16.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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