05/04/2019
"
The performance of lithium in 2018 was less than ideal, amid meaningful falls in Chinese pricing and expectations of oversupply. Canaccord Genuity suspects the outlook is not as poor as these two details suggest. Demand growth is ongoing and new supply is yet to materialise. Average prices ex-China are up year-on-year.
Most producers missed their targets in 2018 and the broker has less confidence in forward supply forecasts. The main response is likely to come from the higher-cost hard rock lithium this year and brine should follow early in the 2020's. The market share of hard rock lithium is expected to increase to 68% by 2025, from 48% currently."
Cheers to all LONG holders
Divesting 20-49% for downstream chemical facilities?, page-188
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