OTCQX:NTTHF - Post by User
Comment by
LithiumNPVon Jul 06, 2019 1:44am
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Post# 29891745
RE:Lithium Article
RE:Lithium Articletiger6301 wrote: Mean time we are waitting for NLC's next NR, I more expect it could be pilot plant production of technical grade of lithium carbonate, hope it will be positive.
I more agree with the author, lithium hydroxide price has more to drop further, and reduces its premium to lithium carbonate. With current over supply, all lithium juniors will have hard time to get financing, either project developments or exploratory drilling, especially hard rock spodumene, it is way over supplied. With the current spodumene price, some mines may lose money.
tiger
https://www.mining.com/australia-govts-lithium-price-outlook-is-bleak/
I've been warning about oversupply for over a year now but nobody would listen. They said these oversupply reports don't exist, yet I said they did. They just bought more and more stock as the prices kepting coming down in prices of lithium and shares of companies. Yet I am derided for warming. I like making money, maybe you should listen next time.