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If you read the demand section of the report it echoes what I...

  1. Stephan90
    4,077 Posts.
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    18/01/23
    08:52
    Post #: 65744299
    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
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    lightbulb Created with Sketch. 4  Great analysis
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