over the next 12 months ? “ I expect volatility following a recent speculative boom with respect to perceptions of value in cobalt and lithium , which went way beyond the short-term market realities , and therefore corrected way below the existing market realities , so at the moment some key ingredients like cobalt and lithium are much cheaper than they should be .” Menell believes this type of overshooting in one direction and then overcorrecting in the other will continue , particularly in such a rapidly evolving environment from a supply / demand point of view . He concludes : “ Right now , most of these commodities are , in my view , ridiculously cheap relative to where they should be and where they will be in the next two , five , ten years , and that ’ s good for companies like ours , engaging lithium projects and buying assets . Sooner or later the values of these commodities will rebound and there will be further volatility . Overall the opportunity is still compelling in terms of the short supply and exponential growth in demand of tech metals .”
61
www . miningglobal . com