April sales reports from China’s BYD, which shifted more than 313,000 units in a 50% year-on-year and 3% month-on-month lift, are giving hope China’s maudlin EV sector is returning to serious growth.That is bullish for lithium producers, who saw prices tumble across the back end of 2023 and have just come out of what is likely to be their roughest quarter of the downward cycle after prices for hard rock lithium concentrate fell to US$850/t in January.They’re back up to US$1215/t according to Fastmarkets, with chemical prices also tiptoeing higher last month.
Is Core Lithium still overvalued?, page-70
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