Two months reserves has been the standard, who thinks that will stand in six month’s.
The market is evolving and the enormous EU demand coming due to mandates should cause some shoveling of stock.
We all know that most of the Chinese stock piles are not high grade hydroxide material as its shelf life is very limited, it’s mostly Low grade carbonate that requires another process to get to Hydroxide if it’s up to scratch.
I’ve never been a fan of the estimated Chinese stock piles, or a fan of their spot price market as it represents a fraction of the still not transparent market prices from the big producers.
Demand is building, awareness is happening, the more I read the more I see a market skid occurring late next year.
GLTA.
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