If you read the demand section of the report it echoes what I wrote in the EV and battery thread
- global EV sales ca 10.5 million units in 2022 - consensus forecast of over 14 million units in 2023 - price drop in China due to "seasonal destocking, scheduled maintenance shutdowns and, reduced working days ahead of Lunar New Year holidays which commences earlier in 2023 than previous year" - "demand is expected to rebound and resume its historical annual growth trajectory following this period as cathode and cell manufacturers seek to replenish stocks"
AKE Price at posting:
$12.29 Sentiment: Buy Disclosure: Held