VUL megathread, page-9073

lithium price need to fall further to a uneconomical level and stay there for sometime for producers (specially spodumene) to cut production and to explores will give up whoever remaining if they haven't by now. That environment will lead to Marginal producers who does not have fixed price agreements to go belly up and Chinese low quality Lepi producers finally will realize they cant do business for a loss forever. That will set the foundation for next lithium boom and Vulcan is nicely position to benefit from it although actually for VUL its not make much of a difference for its initial phase 1 production amount, given they have almost already sold their first 5-10yrs production on fixed contracts. So I believe they don't have huge room to play between the agreed ceiling and floor there no matter what the lithium price is. But phase two and beyond will benefit from that boom and still I don't thing we are going to see the crazy 80k for ton sort of price again. So its all about just wait and see and using this low SP to your advantage if you believe this company has a future.
DYOR