RE: Spodumene Price1 Mar 2024 18:28
Wolf
I share some of my research where I believe the BB may find the contents interesting.
Here is an example from one of the world's largest producers of lithium:
"
“As we enter into 2024, we anticipate another robust year of growth in the lithium market, with global demand increasing by at least 20%, supported by electric vehicle sales growth globally and increasing demand for battery materials.
“However, the excess in lithium and battery materials capacity seen during last year is expected to continue during this year, keeping pressure on lithium market prices,” he said.
SQM expects average lithium prices to remain relatively stable throughout the year and its sales volumes to increase slightly, subject to market conditions and any changes in supply:demand balance."
This is not my view,it is the word on the street from global players.
As many commentators acknowledge, following the price of lithium is difficult, you will be aware from your research that some aspect of the current price increase has been attributable to the Chinese government investigating the environmental impact of the mining process. A shift in geopolitics would have repercussions, the EU demanding stricter regulations on battery imports, etc.
It is an ever changeing world.
Acker