There is the Li sector and THEN there is a new LI PROVINCE at Andover.
Plus there is a pullback because of some EV demand issues and China is having a hiccup. This does not cover the entire field.
The so called Li price has been largely built on the lesser quality of Li in China which is over supplied. That is NOT pegmatite sourced Li, which btw is a chemical product.
The Chinese are playing this like a violin because demand will pick up and the sector will mature in 2 years time. Brilliant for the big investors.
THIS is why the offer sucks. I see no need to sell now. None at all! It's others that got suckered into thinking this is our only chance, better grab it. What happened? Transfer of wealth from the ordinary people to the super rich. Wake up people! Write to that AFR journalist. Get on the case!
