RE:ALB predict 12-18 monthYes, this is a difficult time for lithium investors, lithium companies. As an industry, the producers need to cut their productions, and it is the case for most of the producers, but may not be SQM. Last Q the CEO has said to increase their production to re-gain market share, and I am just waitting to hear what he will say for this Q.
If you do believe the EV story, then it is time to accumulate high quality Li stocks, including NLC.
Here is the interview from Chris Berry, very good.
tiger
https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/chris-berry-factors-determine-lithium-winners/ supersceptic wrote: of lithium price stagnation, with recovery followed. ALB also predict stabilization on lowest level, 7K/tonne for spot (in China).
FP predicts new upward cylce in early 20th, but worried about Li shortage.
The timing could be great for NLC - start producing when it needed the most.
https://business.financialpost.com/pmn/business-pmn/lithium-producers-hit-by-first-big-downturn-of-electric-vehicle-era
https://www.australianmining.com.au/news/albemarle-backs-lithium-recharge-to-take-18-months/
Accumulate now and be patient. The deposit worth a lot more than 58M as it priced now, never mind 30M cash in bank.