Yep sure is cheap. Macro is still the drivers for price atm IMO...

Yep sure is cheap. Macro is still the drivers for price atm IMO as it is in most of the lithium sector. I don’t consider WR1 an explorer ,but developer these days.
Precious few metric points in the lithium industry in China - it’s all opaque- but the closest to cell and cathode inventories is a few months. ( I’m assuming China Jan EV figures as produced in Dec).
Add the CNY month off and by the time WR1 have their MRE upgrade ( say April) and we should hopefully see some signs of life from LiCO2 pricing.
Elons latest comments basically saying if the US want a car industry they need support, they can basically say goodbye already to exporting them with China blowing all automakers ICE+EV out of the water….

That said on the demand side rho mo have mid case of 18 million ( BEV+PHEV) and high case 20.7 million for 2024.That all consumes huge amounts of lithium chemicals.

https://thedriven.io/2024/01/25/worlds-largest-ev-battery-maker-set-to-cut-costs-in-half-by-mid-2024/
And CATL boasting their cell prices dropping by 50% again in 2024.
Will kill the thematic of ‘ cheap sodium cells’- expect a lot of those projects to be put on hold a few more years.As will some more lithium projects. Producers ,Developers and explorers.
They need prices to stabilise at higher levels to ‘ incentivise’ investment