Near term LI market indicatorsIn my head I have put together a small set of indicators for the health of the LI market. One is the raw demand from EV sales worldwide, if it stays the same as now or grows higher that is a positive. If it grows significanly higher, that is a REAL positive for LI. I will be paying particular attention to data about the India market.
Right now, China is playing games in hopes of stealing LI at low prices under the fake aura of lessening demand and lower spot prices so we have to be aware of their gamesmanship. Yesterday's China broadcast of a parked Tesla in a garage catching fire and exploding, is in my opinion a way for the Red Chinese gov't to get it's citizens to buy China built Tesla equivalents. The Red Chinese gov't is deeply afraid of revolt caused by an inability to breath and live, especially for children. China and it's companies regularly steal intellectual property and they can be expected to try to steal market share.
Either Ken Brisden CEO of PILBF is the coolest dude on planet earth relative to the LI market or he is totally realistic as to profit expectations for the company and he can ignore the damage done to the share price by the shorts BECAUSE ALL of PILBF's LI is being sold at prices in the offtake agreements at profitable prices. For instance, Ken the other day in a podcast interview said our cost of production is $299 per ton given the Tantalum offset, and our initial production was sold at prices much higher than that ( the number used in financial reports was $744 per ton) (those are Aussie dollars). So if AND THAT IS A BIG IF PILBF reports healthy quarterly profit numbers it should tell CRE holders the real strength of the LI market;but my guess is the shorts will squeeze additional shares out of PILBF holders by DROPPING thePILBF share price further. This is a major scam that began with Morgan S's false report about LI over supply.
My other indicator is ALTAF which is a far less effective/efficient co than PILBF. Given ALTAF's penchant for fouling up, if ALTAF reports near break even numbers, CRE investors should take that as an additional indicator of the strength of the LI market.
Should these indicators play out in a positive fashion, then stop watching CRE as a stock because LI will eventually drag CRE higher; BUT IT WILL NOT BE PRETTY.