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There's a supply/demand thing happening, but I'm not sure if this rise is solely based on that. I don't understand the market as well as I'd like, but parabolic charts worry me. BHP has stated they're not interested in getting into the sector and Goldman called it toppy about 6 months ago so my radar is up. As an example of what could happen in a turnaround, look at Tin and MLX. On the other hand, RIO seems bullish on picking up lithium, so it's a he said she said thing at the moment. Having traded through the uranium craze in the noughties I'm wary.