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Is that 3.5m usd or aud ?

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Rads31

15 Posts.

02/10/23

11:43

Post #: 70127768
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Is that 3.5m usd or aud ?

Originally posted by chuk: ↑

Looking at this first chart, we could probably expect more volatility for listed lithium stocks and potentially much lower share prices for the more speculative ones over the next few years. Trying to time a good entry point will be difficult. The lows might be three years away with a small but short lived surplus forecast by 2027. Having said that, the current low lithium price might rally strongly in the short term because we are still in a significant deficit. So lithium stocks could rally hard over the next few months before correcting heavily again maybe in another year or two ahead of that 2027 forecast surplus. If we get a big rebound short term, it should be a positive with our negotiations. The second chart below show that Chinese EV sales are cyclical and have started another big upswing already. Lithium stocks could be getting low. A rebound in lithium prices might be imminent?

The big defits that follow 2027 will mean that the big players will be very eager to get their hands on large deposits that offer long term production at scale.

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