Unfortunately, NEV penetration rate just hit 48.3% between March 1-17 and retail sales are up 56% yoy so it appears they have the demand equation wrong. Restocking. Well you don’t restock inventories across all the supply chain in a few weeks and a few shipments of spod.
Swing supply. Well with demand going exponential, supply dropping off everywhere, projects being delayed and DLE still a pipe dream, I very much doubt Leshitolite, petalite, African DSO and other projects in dodgy jurisdictions will fill the gap.
Of course they would say that as they are balls deep and in danger of being castrated.
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