Morgan Stanley says Lithium prices to fall 45% by 2021, page-8

Morgan Stanley who have no skin in the game predict massive price fall around 2021. Toyota who have massive skin in the game and need supply 2021 and beyond buy 10% of ORE at a significant premium to where it was trading recently (which was at multi year highs and more then double its price a year ago). I'll follow Toyota's lead and use this as an opportunity to add at a price more then 10% below what Toyota paid.