Was bound to happen. Look at Li Carbonate prices in Trading Economics, its topped. And Bold Mansacks have put the kybosh on the sector with their latest downward rating on prices. LIT etf forming a massive head and shoulders.
Yep, futures market has essentially gone sideways on that news so far...
@zaphodbeebs
$2 not possibe. The big miners like Escondido need just under $3 to survive. Doubt the world will stop its electrification plans, wont ever see copper under $3 again, and soon never under $4. Insufficient exploration, insufficient global reserves, getting harder to find big deposits.
Was bound to happen. Look at Li Carbonate prices in Trading...
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Last
7,724.3 |
Change
-25.400(0.33%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,749.7 | 7,751.8 | 7,718.0 |
| XJO (ASX) Chart |