Li-related News/Articles/Reports, page-8180

Inventories normalizing at historical normal levels
In March 2024, China’s supply chain held an estimated 1.7 months of LCE supply, unchanged since the start of the year and within the 1–2-month range widely viewed as a typical working inventory.

The rapid destocking of 2023 appears to have concluded in the first quarter of 2024 and, in aggregate, we do not expect any major restocking through the end of Q2.

However, with cathode stocks at historically low levels and a growing structural deficit of mine supply expected from Q2 through Q4, we anticipate salt inventories will be pulled through, adding support for sustained higher prices upstream in the second half of the year.


https://www.adamasintel.com/lithium-market-growing-deficit-through-q4-2024/