LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-3831

PLS is expensive for sure and resilient because people pay a premium for Quality and a de-risked project. And still has strong instos support.

But what keeps the exuberance going is the firm belief that EV revolution/transformation would be a certain reality, so lithium stocks can only do better over time.

But as I had pointed out with the age of the internet, Internet became an integral part of our lives today but the poster child of internet Cisco saw its price fall from its peak during dot.com to never fully recover until a decade later. As technology mature, competition stiffens and even the first mover advantages of early lithium players get diluted over time and lithium becomes a much lesser scarce commodity over time with lower prices to enable EVs to reach price parity with ICE for greater mass adoption. Going forwards, possibly more industry consolidation with larger lithium players buying up smaller ones to expand sales volume growth in a lower price environment.