There were still deals done at the time the lithium price was making its lows. Australian super was making large investments into PLS.
Yesterday, CIMIC and Hancock Prospecting made a combined $65mill strategic investment into Vulcan which has a geothermal brine resource in Germany. Vulcan's resource is around half the grade of Phoenix's.
It looks to me there are buyers in this environment. They look ahead of the next 1-3 years.
VUL 2 year chart
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