How it will play out is there will be two more waves where demand starts a frenzy. WA will step up to the plate again because no one mines more competitively than West Australians and the best brine will smash it in the Triangle. The final wave of demand will allow all the others to have a piece of the pie.
GXY SP will have about 30 days of 10 million volume pent up. Throw in possibly one of the biggest short squeezes seen on the ASX and the ride up to fair value for a 100,000 LCE a year operation will blow your shorts off.
As for EVs I predict a new world order. Only four main players bit like phones IOS and Android. You can guarantee Tesla is in the mix. They can’t get the boatloads of them here fast enough.
All in my opinion and day traders beware as we’ve had some of the best players in the game here get stung over the years.
GXY Price at posting:
94.5¢ Sentiment: Buy Disclosure: Held
