Some commentary behind the Lithium futures rise. Sales contracts to deliver product that doesn’t exist.
Apparently there is oversupply. Downstream demand is weak they say.
Many are saying inventories are very low so downstream will have to buy at some stage and that sets the stage for further price increases, you would think.
https://news.metal.com/newscontent/102414443/lithium-carbonate-futures-contract-soars-and-hits-daily-upside-limit-after-persistent-downturn-what-are-the-drivers-behind-the-rally
Good News & Bad News, page-34489
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