Lithium Americas Corp (LAAC)

[Billjet17]

FYI Some weekend reading (: There will be no oversupply in 2, 3 or 5 years. The Morgan Stanley news that spot prices have crashed in China is absolutely plain wrong. The LiCO3 producer work by contract price which represents over 90% of the total lithium market. Their prices through the year have been trading between $13,000 to $16,000 a ton. Whereas spot prices were trading at $24,000~ a ton representing a 35%+ premium. The spot prices drop also represents sale of non battery grade lithium, raw material of Chinese companies going out of business due to formulation changes stipulated by Government and other competitive forces in China. There is no change or pressure on prices of lithium compounds Ex-China. In fact they are up 20% over 2017.

http://www.benchmarkminerals.com/chinas-lithium-price-decline-is-not-the-full-picture-to-an-industry-surging/
The prices crash in lithium stock is all engineerred by Morgan Stanley bad research, borrowing over 5% of company stock, dumping ruthlessly and then covering. It’s a nascent speciality chemical space hardly anything like copper, aluminium, iron etc.
https://www.linkedin.com/pulse/i-read-morgan-stanleys-sqm-li-price-sweet-spot-report-emily-hersh

Enjoy the read and links Jet