PLS 2.13% $3.83 pilbara minerals limited

http://www.nasdaq.com/article/this-is-why-leading-lithium-stocks-...

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    http://www.nasdaq.com/article/this-is-why-leading-lithium-stocks-are-tumbling-today-cm905997

    This Is Why Leading Lithium Stocks Are Tumbling Today

    Reuters reportedly indicated, and SQM will be allowed to produce up to 180,000 metric tons of lithium annually, which would more than triple current production of around 50,000 metric tons.

    Morningstar equity analyst Seth Goldstein wrote Tuesday:
    "Our lithium supply-and-demand model had assumed SQM would produce slightly more than 100,000 metric tons of lithium by 2025. Given the possibility of 80,000 metric tons per year of new supply that we had not previously accounted for - equivalent to roughly 10% of our 2025 demand forecast - we are placing lithium producers SQM, Albemarle and FMC under review.


    It's true PLS sales are assured through offtake agreements, however their revenue is still a function of prevailing Lithium prices.

    I'm not selling though. Demand is also assured IMHO as Electric Battery producers adjust capacity relative to available Lithium supply. Supply increases have always been forecast for 2018 but demand has surged.

    Pendulum swings like a didgeridoo.

    Further the Chilean government previously restricted Lithium production as it is a drain on water supply and especially for indigenous Chileans and their territories. Wouldn't get away with it in Oz but their new President is apparently very business friendly. It would come as no surprise to see a legal challenge to SQM''s plans.
 
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