Jun. 19 at 10:21 AM
$ALB
A good read.
Main points:
This cycle is different from last as it is reliant on two sources of demand, not one.
Q3’s lithium restocking is about to occur driving prices up to test 250,000 yuan [Citi Group]
Supply side setbacks exist that will prevent keeping up with demand for 2026.
Bull Case: 250,000 yuan (top)
Base Case: 195,000 yuan (avg)
Bear Case: 150,000 yuan (bottom)
Base case average for the remainder of 2026 is above current pricing and near recent highs.
https://discoveryalert.com.au/lithium-prices-china-recovery-forecast-bess-2026/