PLS chart, page-4636

Just reviewing some scenarios for the past 12 months, highlighting where some traders, shorters, maggots underestimated the supply / demand fundamentals, thus premature speculation. It clear to see how closely PLS share price action correlates to lithium prices, and where the bears may of thought was a good time to take a short position, first in July, then again in October.

Dollar price of battery grade carbonate (from CNY$42,601 to $290,500),



Percentage gain of battery grade carbonate prices (525%),



As said above, PLS share price action for past 12 months almost perfectly correlates to above lithium price charts, in July lithium prices dipped ever so slightly, and the share price was stuck in a tight 145 to 150 cent range for a month or so, then off to the races A similar situation is observed between mid August to mid November, though a more volatile period/range of 245 to 178 back to 245 before it bumped up above 350 cents early January 1



The rise in lithium prices is crazy spectacular, but it did bounce off a very low/depressed base. If chem and spod prices were maintained at prices that incentivised expansion through 2019 to mid 2021 period, customers could of avoided paying 3 times that incentive price today.

As above, lithium prices did bounce of a very low based over past 12 months, but what's impressive, is that they have bounced a further 38% from all time highs over the past 30 days, thus it's pretty clear there is an oversupply of demand.

End, Sunday rant....