I saw this headline,and it had the ring of truth to it. Which is to say, during the next year sales and delivery negotiation period, a hatchet job is done to drive down the prices. I don't feel like paying the subscription rates for the site this headline was pulled from, so here's what was free to view:
"Lithium market sceptical on oversupply forecast
By Myles McCormick
Published: Thursday, 13 October 2016
Lithium buyers and sellers this week played down a forecast of a future supply glut in the market as efforts remain focused on settling the 2017 contract prices.
Neither producers nor consumers of lithium were convinced by a forecast this week predicting "the lithium frenzy should all end in tears".
Bernstein analysts said in a report this week that lithium demonstrates all the characteristics of a commodity bubble – "an apparent very compelling bull case"; "an expanding supply side,..."
ORE Price at posting:
$3.17 Sentiment: Buy Disclosure: Held