Dale Henderson

PLS (Pilbara Minerals) reported a 40% increase in lithium pricing over the prior half and termed the current market an "inflection point." They are reactivating a processing plant to capture margins. When a major producer restarts idled capacity, it signals confidence that the "bust" cycle is over. The mention of a "structural deficit" despite new supply suggests the demand curve (EVs/Storage) is finally absorbing the glut. This benefits pure-plays (LIT ETF) and diversified miners with copper/lithium exposure (RIO). LONG. Contrarian entry as the commodity cycle turns. Oversupply returning if too many mines restart simultaneously; slower EV adoption rates.

PLS (Pilbara Minerals) reported a 40% increase in lithium pricing over the prior half and termed the current market an "inflection point." They are reactivating a processing plant to capture margins. When a major producer restarts idled capacity, it signals confidence that the "bust" cycle is over. The mention of a "structural deficit" despite new supply suggests the demand curve (EVs/Storage) is finally absorbing the glut. This benefits pure-plays (LIT ETF) and diversified miners with copper/lithium exposure (RIO). LONG. Contrarian entry as the commodity cycle turns. Oversupply returning if too many mines restart simultaneously; slower EV adoption rates.