Chart, page-18797

Almost up 100% from its May lows, just catching up to sector. Decent balance sheet, Andrew Miller from BMI stated robust pricing in China for August on back of CCP stimulus, he said promising for spod producers and supply chain in general..

I'd say, stockpiles at converters would be getting close 2 month inventory norm, not the mention the EU forgot to order enough lithium for the new green deal C-19 recovery plan, so we might see regular orders from converters looking forward.

Total EV's sold in EU in July was 230,700 units, that's 2.77 million units on an annualized basis, and China overall vehicles (including EV's) were up y-o-y in July, thus could see ~4 mill EV's sales over the coming 12 months, providing converters have the capacity.