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CPTMatt

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CPTMatt

Re: Bobwins post# 32606

Monday, 08/15/2016 10:15:43 AM

Monday, August 15, 2016 10:15:43 AM

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Recent SA article on Orocobre
http://seekingalpha.com/article/3998856-update-lithium-pure-play-lithium-miners

The author is certainly bullish on the sector as a whole but the research he includes on lithium carbonate supply/demand (even though he modifies this a bit with his own estimate) doesn't look good to me. Forecasts of oversupply in 2017 means that lithium prices would certainly end much lower than the $10kt currently being enjoyed.

Maybe Mr. Market is coming to the conclusion that the sky high lithium prices are closer to ending than previously thought and that's the reason for the weakness over the past month?

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