IMO , I smell an industry-wide re-rate with the coming release of the March quarterly operations updates and financial activities reports over the next 2 weeks likely to show positive results for companies that are producing and with 30% price increase in spodumene sc6 lithium carbonate and lithium hydroxide over the last month bodes well for a re-rate
Including Macquarie Banks bullish lithium Outlook Report released this week forecasting $720 per tonne spodumene concentrate sc6 $13,000 per tonne lithium carbonate $16,000 per tonne lithium hydroxide.... supply deficit by 2022
Nigel in the last interview mentioned the experts expect at least $750 per tonne spodumene concentrate sc6 this quarter alone
April 14, 2021 | 7:19 amMacquarie Bank’s Forecasting lithium prices to rise by between 30% and 100% over the next four years.Macquarie’s lithium price upgrade has led to earnings upgrades and re-ratings for Australian lithium miners, upgraded to outperform
https://www.mining.com/macquarie-joins-peers-on-bullish-lithium-prices-outlook/#:~:text=“Our%20bullish%20EV%20demand%20outlook,Macquarie%20said%20in%20the%20report.&text=Escalating%20prices%20threaten%20to%20slow,adoption%20of%20emissions-free%20vehicles.
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