Some interesting snippets from Joe Lowry (King of Lithium) on...

Some interesting snippets from Joe Lowry (King of Lithium) on Lithium below.


‘Global EV sales up over 30% in 2023’. For a few reasons, it was a tough year for many lithium/battery metal stocks. What positives do you take from 2023 for the sector?
“Despite all the rhetoric about an EV slowdown, actual global EVs sales will be up over 30% in 2023. I look at numbers from many sources including Rho Motion who project just under 14 million EVs sold,” Lowry says.“What happened in 2023 wasn’t a shock. I have been in this business for over three decades – lithium battery supply chain disconnects have happened multiple times.“In 2022, all facets of the supply chain developed excess inventory, so in effect 2022 wasn’t as great a year as it looked, the price run up was unnecessary, and 2023 was a year of correction. The long term lithium demand story is still intact.”

How do you think the demand and supply dynamics of the global lithium market will evolve in 2024?“
The price drop of 2023 will slow financing for many projects that have marginal economics with prices below $20,000/MT,” Lowry says.“I expect lithium chemical supply to be close to balanced but as inventories are rebuilt in China, price will begin to rise sometime in 2024.“The excess in ore and low grade precursors from Africa may remain but gradually be used by converters that blend them into their systems.”