Jun. 4 at 12:15 AM
$ALB $LAC
Monthly outlook in China for those that are interested and want a break from this crazy short term stock price action.
The Li story and demand are still intact for long plays. Chinese LFP battery production is up 4.2% month over month. So even if inventories are slightly up, it’s because of an even greater delivery of product, not a reduction in demand.
That being said, Li from Zimbabwe is taking longer than expected to arrive. And mine startups in China are not going as planned. So the futures market will start to reflect this if it continues.
Chinese analyst estimate for Li Carb we will bounce around in this upper price region for a couple of months while the competing forces of lagging supply increase and current inventories play out.
https://m.mysteel.net/analysis/5126432-chinas-lithium-prices-pressured-by-high-warrants-while-supply-disruptions-loom-still