RE:RE:On X m73hx454 wrote: I agree with your points.
But why do you think it can not fall a lot further?
Lithium spot is around 16,000 Yuan .... Goldman Sachs predicts 11,000 Yuan for next year.... and 800 USD/t for spodume.... that's quite a further fall....
And without any deal... I see this thing here dropping further.....
Yes, it can drop further, but no one is going to produce and sell at a loss. We are nearing that number. Once this happens the mines will shut down. It takes up to a year to get a mine ack up and running. A lot of the impact to price has been a large influx of poor quality product hitting the market.... which is mostly being returned back to the producers. It's not all about what price folks are willing to buy at as the producers need to stay profitable and Li demand over the medium-long term is not going anywhere.