Spodumene prices up 2.38% on Asian Metal...

Spodumene prices up 2.38% on Asian Metal today.

http://www.asianmetal.com/LithiumPrice/Lithium.html


Also I noticed POSCO Chemical up over 12% this morning but have since fallen back to up 7.5%. I can't find any news on it though. They usually make announcements on a friday and news filters through over the weekend.


It was interesting watching Rodney Hooper becoming very animated when he spoke of impending Lithium shortages and Hydroxide demand, in the latest EV Channel video.

https://www.youtube.com/watch?v=8MTQnFrs8m4

The pieces are falling into place nicely for PLS. I think some of the commentators here should relax and stop watching the day to day trades. You weren't going to sell anyway.

A MC of A$4.5b for PLS is quite something but by 2023 ...

Roskill spoke of SC6 prices increasing to over US$800 by 2023 but Rodney Hooper's commentary in the video suggests it may be much, much higher. Funnily enough, it may prove downstream investment unnecessary ... maybe.

@1.20 "I think the Cybertruck is going to shoot the lights out ... and that is going to put enormous constraint on Hydroxide availability ... @ 2.20 I see the squeeze ... its just a matter of time".

I'd love to hear PLS announce the Stage 2 expansion. We could be producing over 1mtpa of SC6 by 2023 and prospects to keep expanding to meet market demand. A margin of over US$500pt would certainly justify that $2.00 share price ... or more. Its just a matter of time.