i think the rebound was more driven by articles and company reports suggesting lithium spot prices are stable/ recovering with an improving outlook and the fact that seaborne carbonate and hydroxide prices are so high, combined with the contrained supply expansion outlook.
the rise has little to do with orecobres quarterly production numbers and timing is coincidental, hence why gxy kdr min etc have all risen equally.
as i said in my previous post, lithium stocks such as ore have extreme volatility and a wide range, look how wide the range is over the past 3-4 years. i have tended to accumulate at troughs and reduce at peaks by some luck and because the fundamentals pointed to it being oversold and overbought at times. lithium companies (like my tech co’s web/ alu/ apx / apt) obviously are highly volatile and prone to sharp sentiment shifts due to the vaguaries and risks of speculating on their forward earnings outlooks.
it looked oversold at 3.30-3.80 and now the low hanging fruit of bargain prices has gone so it may dip back below 4.00 but should move higher over the next few months if global lithium supply demand outlooks and price data continue to i dicate strength in prices.
the onlything internally at ore that will drive the sp is getting the FID announcement on phase 2 which i strongly believe will happen before christmas.
