...lithium stale bulls continue to hope but
1) EV growth in US and EU has gone backwards now and China in due time
2) Bulk of current lithium demand is from China, battery oversupply remains an issue and CATL and BYD which controls 52% of EV battery market have their own lithium mines to source from, so no pressure on spot market (no need for auction)
3) Even Tesla is sourcing its lithium from Yahua (in China)
4) Only private funded lithium projects will face some difficulties to move ahead; not those state sponsored or China sponsored ones in South America, Africa
We urgently need a positive demand shock to get the prices back on course. However, a disaster solution may be underway whereby a prolonged decline in #lithium prices could lead to a production pause of major operators leading to a sudden stronger price rebound in a few months. https://x.com/jczuleta/status/1810406726845526398
