Yes, the handbrake is off and a lot of catching up to do. I think we will see a lot of LTR holders cash out of that eurphoric rise and put profits into AVZ.
Market Cap Comparison:
AVZ: $1.3B
LTR: $3.7B
Current producers with smaller resources:
PLS: $7B
ORE: $6B
Still plenty of upside against peers in the previous lithium market.
The new lithium market sees:
- Greater supply crunch from 2022 onwards
- More government pressure nationwide to meet climate targets #G20
- Lithium price only just got back to what it was in 2017, which was a less certain market
- Tesla now worth $1Trillion
- BHP, FMG and other major miners scrambling to transition to the new green wave
- BHP looking in the DRC for deposits, back then it was seen as ebola-ridden, corrupt and too risky
The catalysts for AVZ price growth specifically have been mentioned many times, but it's important to note that the lithium sector in general is only just becoming mainstream and the heat is only just beginning.
Yes, the handbrake is off and a lot of catching up to do. I...
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