Critical Elements Lithium Corp V.CRE

Markets pointing red again

[tinker901]

Of course, these 1 or 2 % swings affect us but not as much as lithium news.

For instance, China has put the brakes on Lithium price increases. The next step will have to be on the downside. Then there will be new sources coming online this year, so that too can affect the SP since some analyst will extrapolate that and write an article on Lithium oversupply.

Then there are the market makers like Musk.......

[invest1979]

That's a lot of gloom Tinker 

[tinker901]

It is not "Gloom or Doom" It is what I see (without using my pink glasses). In 2017 while we were just waiting for the 2 dollar "Party" everyone here were seeing a irreversable trend with no end in site........until Porkin Stinky reported on a lithium oversupply. Things are not the same today with EV adoption that is much more encouraged by gvt around the world. So that is

[Wheeler]

The reason for the dramatic run up in spot price of late is because there is very little Li available to be sold in it. The spot market is for Li that is not spoken for under contract and this will change and the spot price will drop. There is very little Li being sold in the spot market right now but that will change too. The spot market is a small fraction of the overall market.

[Speedypete]

Agreed Tinker.   The wait for this f ing permit grows more painful by the day as we watch the advancements of others in the sector.  Strike  while the iron is hot or wait for the inevitable.  Ridiculous.. 

[Newcomer12]

Its climbing.. Why Goom and Doom Tinker ?

[Wheeler]

If you need a little lithium pick-me-up, give joe lowry's April 1st podcast with simon moores a listen, lithium will be in under supply for the better part of this decade. China may be able to control the spot market to a certain extent but they can't do much to control what sqm, alb or lthm are getting for contract prices and that's where most of the deals are made, as for ganfeng