This chart disagrees with you, as it accounts for probable and highly probable new supply. Investment in expansion today wont plug the deficit, it's too late, thus supply will be chasing demand for the decade . I agree that new supply will blow the froth of prices, but not for long. As per the chart, demand outstrips supply every year through 2040. The proportion of investment downstream relative to upstream should be a key concern, something needs to give, and very soon. The chart is depicting 1.2 mill tonnes LCE by 2025 then 2.4 mill tonnes by 2030, thus needs to triple in next 4 years, then double again through 2030.
Spodumene Prices, page-708
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Last
$4.15 |
Change
-0.050(1.19%) |
Mkt cap ! $12.49B | |||
| Open | High | Low | Value | Volume |
| $4.18 | $4.19 | $4.13 | $81.93M | 19.69M |
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| No. | Vol. | Price($) |
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| 1 | 45688 | $4.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $4.16 | 78493 | 3 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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$4.16 |
Change
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| Open | High | Low | Volume | ||
| $4.19 | $4.19 | $4.13 | 3824343 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
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