Volatile time ahead for Li miners as destocking continues. We now know the reason: the demand was over forecasted by OEMs and refiners (especially Chinese market). That led to the high stockpile last year and enabled more supply from the higher costs lepidolite and African DSO. Having said that, it mainly affects the spot market as that demand evaporates but the price weakness will transfer to the contract spodumene from Australia. I think it's not that really bad and we need time to clear these stockpile. Hope the increased EV sales and refiners built across America will help the situation soon. For companies that make money like PLS, CXO, IGO, AKE... they are in better ground that non-producers obviously.
Banter and general comments, page-25074
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