RE:All fall downOf course these sp drops are overdone. And even more so with LAC. Below paragraph is from article in a yesterday Seeking Alpha article. Expected that lithium prices outside China (now $11,000) will be the same as China domestic ($18,000)--huge 64% price increase! LOL, and LAC dropped like it did today! Some of us picked up some really cheap shares. Lithium prices continue to rise
With the uptake for lithium-based applications rapidly increasing, the demand for lithium carbonate has also risen. As lithium carbonate prices rise to all-time highs both inside and outside of China, investors have moved to support exploration activities in key geographical regions such as Argentina and Australia. This also dramatically increased visibility within the lithium investment community, which then assisted in lifting the valuations of existing producers and junior exploration companies. As the share prices rose throughout 2017, lithium carbonate chemical pricing followed the trend, ending the year around $11,000 T LCE. Based on information supplied by SQM(NYSE:SQM) and Orocobre in late Q4 2017, pricing for the first half of 2018 is pegged at around $13,500, representing a 20% price increase for the white metal. It is also important to note that prices inside China reached around $18,000 T LCE in October 2017 and it is expected that prices outside of China will continue to climb to reach the same range as Chinese domestic pricing.