Again, this is chemical rather than spod.
My fear is always what happens when we have more spod being mined than conversion capacity. If I was a conversion company I would be stock piling at the deflated prices so that when extra conversion comes online I am ready to go. This results in an increased profit margin selling into lithium market when demand drives the price up.
Hopefully this keeps the spod price at current levels until conversion capacity comes online, at which time I think the pricing of spod and lithium will move in tandem.
Id appreciate anyones opinions, supporting or opposing, on how they think converters will respond to a spod>conversion capacity market over the next 12 months.
I think late 2019 onwards will be blue skies as more conversion comes online.
re:Lithium demand surge, page-1699
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