I am bull on Lac, and still very much believe in the case, which should be a good investment in the long run. Still, we have to state that it is right that the Lithium price has fallen very much. This can then be used to exit Lithium shares, or supplement further. I do the latter (no recommendation). This is based on the fact that the lithium price, together with the global economy, rising interest rates are the big stones in the shoe. During 2024/25, the economy will probably turn around, and if Ukraine stops the war, we will have the biggest turn around ever. When we talk Lac, I therefore see only one problem, the Lithium price. Why has it fallen so much and are we at the bottom?

- sees a huge problem that China controls the price at the moment. This should be able to be changed in the future. There has probably also been a good amount of stock due to fear of deliveries, and since EV has probably not gone as fast as expected, prices are falling. Are we at rock bottom? have no idea because thought much earlier that we had reached there. Perhaps there is political pressure in China to keep the price down because China will manage to take EV market shares before the old manufacturers really wake up.

That the price is falling does not agree with calculations on supply and demand until 2030. Is there something wrong? Is the fall artificial and short, or is the supply greater than first calculated, because the demand is just an estimate that has not been completely skewed. These are many questions and difficult to answer, but my best bet is that Lithium will behave like Crude oil which has fluctuated from USD 75 in 2019 - 20 in 2020 - 115 in 2022 - 89 now in 2023.

Therefore, we should probably expect that lithium mines in operation will fluctuate a lot in the share price. Mind you this is pure guesswork on my part, but I'm staying in Lac, want to see Thacker in production.

Nice weekend to everyone.