PLS +3.81%: auctions off a small amount of their production and the prices achieved were slightly lower than the prices achieved 3 weeks ago for a similar sort of cargo implying that Lithium prices may have peaked. The discount was small (~2.5%) and the bidding was still strong, but the heat has come out of the market it seems. That shouldn’t come as a surprise and the equities have clearly priced this in., hence the move higher today given the discount was only slim.
MM is bullish PLS
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