This it pretty significant.
2018 below 2017 in output and 2019 expected to be much of the same.
Morgan Stanley's oversupply narrative assumed SQM would push out to 160kt LCE. That's never going to happen now.
They also assumed demand in the 600-700kt LCE by 2025 which is almost half of what ALB recently suggested and also well below that 1150kt LCE predicted by UBS.
Their fear mongering has significantly slowed production expansion in 2018 and into 2019 by limiting investment all while EV sales keep beating forecasting predictions of these dinosaurs (Macquarie claimed at the start of 2018 that the year would see 30-40% EV sales increase over 2017....turned out to be 63%).
The lithium sector is going to bounce really hard at some stage.
Day to day discussions on S/P, page-7851
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