Makes One Wonder...17 Nov 2021 14:33
I read this, but then i see these miners with amazing Li deposits etc and zero interest from the big boys. So maybe its being over exxagerated. But wait! The news, over exxergerating? (Butchered the spelling of that word).
From Mining Journal:
China battery-grade lithium carbonate pricing rose 2.1% in the first two weeks of November to an average RMB195,250 per tonne (US$30,650/t), representing a 345.9% rise year-to-date.
Lithium hydroxide EXW China crept up 0.5% to an average RMB190,000/t (US$29,825/t), a 265.7% rise this year.
The prices recently surpassed previous peaks set in 2018, according to Benchmark data, as supply battles to keep up with demand.
Fellow price-tracker Fastmarkets index manager Peter Hannah said earlier this month the market was not merely at the precipice of a supply deficit but might have already lost its footing.
Benchmark said downstream demand persisted and China's electric vehicle sales broke records for the fifth consecutive month, approaching 400,000 units in October.
https://www.mining-journal.com/energy-minerals-news/news/1421530/lithium-prices-steady-at-record-highs