Puts the "oversupply" fears to bed for all educated investors. Analysts will crank out their reports to keep their jobs and collect a paycheck, but that doesn't mean they have a clear picture of the entire market.
I like how he clarified the lithium market. Other base minerals and metals have spot markets that can be traded and tracked. Lithium is producer to client. Each mine has pricing structured specific to grade and end users capabilities. To try and blanket cover the industry with ratings and supply/demand is a little off base. Demand might remain strong at Mt Cattlin and pricing at a premium compared to a neighbor with lower grades as the market softens. Something to remember down the road.
We are going to be in a brine/hard rocken' league of our own in 3yrs!
GXY Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
