While up extremely, Hydroxide is not a lot different to an extension of Nov 2016 to March 2018 trends. Rather than a bubble now, did we have two negative bubble across 2019 and 2020?
The first of these negative bubbles started around May 2018 and took prices below 300 down to 200-250. The 2nd negative bubble built on this and enabled a push down to under 150. The first negative bubble had deflated by April-May this year. The second popped in the last few months aka BOOM BOOM lithium prices. Prices are flattened but on this story, its simply returning to prior trends after the deflation of past bubbles.
If this is the story, current prices are BAU for a long time.
Spodumene Price, page-814
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