With NMT share price largely correlating to lithium pricing, this is an interesting post: PAM (ASXAM) on X: "This chart is based on #Lithium #Battery demand, production and inventory data published by @iccsino this month. Despite continued strong growth in #ElectricVehicles demand, #batterymanufacturing has been falling throughout 2023 as #batterymanufacturers have been running down… https://t.co/3YyejXjWrl" / X (twitter.com)
It seems the share price has gotten a bit of a lift lately due to shrinking stocks of lithium. High lithium prices led to an overabundance of lithium production.
Looking at Albemarle, these guys have taken a beating as well. But lithium producer share prices have seen a tailwind the last few days in general.
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