Battery Material Pricing

Some may have seen an article in the AFR "Commodity market returns next year to rival 2021 boom"

Here is a link to the actual Goldman Sachs Research ....

Their main hypothesis is that previous underinvestment and the lack of capital for capex and expansion will drive the supercycle in commodities

2023 Commodity Outlook An underinvested supercycle (goldmansachs.com)

But their take on "battery materials" is different in that they believe battery materials companies will have adequate access to capital. But I see a lot of companies in the graphite, lithium and rare earths areas still not funded.

Quote
Interestingly, the battery metal producers who have not been through prior supercycles have investors’ confidence and so do not face such investor aversion and restrictions on production, underpinning our bearish medium-term view on those metals
Unquote

What they seem to be also overlooking is that you need projects to spend that capital on, and there are not many of them. It also takes time to get these projects to development, not to also discount the time to ramp up both quantity and quality for battery grade materials.