Spodumene Prices, page-3655

No real sign of a turnaround really in the short term.
Both the near dated LC2401 and longer dated LC2406 contracts are down again.
LC2406 is now priced marginally above LC2401, but I would not read too much into that.
LC2401 down to CNY 106200 now. LC2406 at CNY 108 000.
Some speculation that lithium carbonate prices will bottom out at CNY 80 000. That supposedly will imply a spodumene concentrate 6% price of USD 800.
The share price is not reflecting any expectation of these low prices lasting very long. Early next year either the lithium prices are going to bounce back hard or the share price will very likely cause some pain.
This is completely against what all the "experts" said: lithium shortages forever into the "unforeseen" future as far as the eye can see.
Supposedly the trend is your friend or enemy depending on which side you are on. The trend still is not very friendly. That explains why PLS is shorted so much with confidence.
I'm no longer a holder. No fun in being on the wrong side of the trend. Best of luck to all the firm believers. Maybe there is an opportunity end of 2024 to buy back when this has all washed through the share price and there is some sense of understanding of what is actually driving lithium prices. It seems the experts had it wrong at least in the short term. Not that they can be faulted for this. I don't think there is a person on the planet that would have predicted a slump from USD 8000/t+ at the end of 2022 to closer to USD 1000/t end of 2023 for spodumene into a supposed lithium supply deficit.