Re: Danger Ms. Robinson.
in response to
by
posted on
Aug 18, 2023 03:53AM
Okiedo, it's good the mood is intact. We should probably have been on trader since, but who would have thought it. Gradually, a picture is forming of a receding Lithium market and falling prices, now USD 32,000 per ton, and it is quite a drop, but still far above Lac management's budget calculation. Can't help but think that GS (Goldman) was out pointing out this decline in an analysis a year ago.
I was one of those who was very much against this analysis, and I would like to apologize for that to everyone, because GS had seen it right and unfortunately it must be acknowledged.
I am still of the opinion that the need for Lithium must be increasing, but over the next few weeks I will try to investigate the supply of Lithium and whether the figures we know are valid. After all, China can rely on much larger production than they state.
I am keeping the strategy of buying with all the capital I can get for the rest of 2023. Have a good weekend