Do you think that MS may have used Macquarie's 2014 data for their 2018 note (cant call in analysis).
I also understand that Li market is very small relative to say coal, iron ore. Thus, invest banks obviously not spending research dollars on concept (as some still see it) stocks.
The leading broker fees are generated from the coal, iron ore, gold miners, so it is expected that any analysis on Li miners will be half baked. Howerver, many banks no longer financing coal projects (i.e. Adani), RIO divested all coal assets, etc. As this thermatic transitions from coal to battery metals for example, the question is, will we start to see some decent research for the Li sector, replacing fees non longer generated from coal sector?
Yep, a bit of a sceptic, understand commercial reality, which does not guarantee quality/independant analysis.
PLS Price at posting:
82.5¢ Sentiment: Hold Disclosure: Held
(20min delay)