But only with bad news not with good news when Sigma rumours came out Tesla will be buying it.
LRS in weird position sigma news hurting us another side Li price hurting us I would say whoever wanna sell go ahead time never stops when panic comes thats call Bottom as no one will do loss business even Pilbara too so if Li holds current level we are in good position if not it drops further we need to revised the cost cutting until market sentiment changes no point to spend money while you are not producer nor fully funded developers!
Just a thought
I will called we are very close to bottom by mid feb with final knee jerk as Joe said second half will slowly recover the price as no one afford free lithium to CATL & Ganfeng.
I did bought LRS @0.07 still holding when I see around roads only I can see is one EV’s out of 50 ICE cars comparison its not easy for transition next 2 years will be much different level of EV’s massive spending by countries USA, European, China, etc unfortunately Australia is way behind I think India is peaking up with EV’s too. Demand is coming with slow pace but once it’s on aboard CATL & Ganfeng will be out of control to meet Supply as CXO, Next SYA, C&M also IGO, MIN, LTR revised the production for 2024.
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