Yeah, i think the market reaction to the lithium price drop has been based on confusion.
I think the oversupply came from low grade lithium and that's why the price dropped.
High grade lithium is the preferred material for batteries. If you look at the contract prices of companies selling high grade lithium, they're still high and profitable. I don't think there is an oversupply of high grade lithium, and hopefully when the market realises this, it will change things around for some companies.
Maybe not for ADV though.
Lithium related news, page-4
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