There are a couple of ways to look at this:
1. Analysts have factored in the projected LPD production at a lower cost thus driving costs down. Not good for the current producers, but good for LPD as it will take a larger percentage of market share.
2. Prices should fall as supply increases so current producers are going to reduce profitability and those with lower production costs (such as LPD) will have a competitive advantage.
Either way, a decrease of 45% in Lithium prices after an increase of 100% still means prices are increasing AND the 45% is only a prediction. What is the analysts record wrt predictions? If they were always right then the analysts would be wealthy beyond their wildest dreams and would not have to resort to a salary for producing the drivel they put out. Investment should be based on fundamentals, NOT predictions by salaried commentators with pecuniary interest. Fundamentals of LPD are excellent even IF the price does not skyrocket.
Just my humble thoughts
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.76M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $2.585K | 1.102M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
92 | 66712278 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 84549611 | 44 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
87 | 65254208 | 0.002 |
87 | 283381960 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 53169611 | 39 |
0.004 | 35936194 | 42 |
0.005 | 13887988 | 16 |
0.006 | 4350999 | 9 |
0.007 | 2235283 | 7 |
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