Lithium Recovery, page-45

... It all started with the Morgan Stanley report back in January, when they published their "analysis" that there will be an oversupply.

Then they backed this up later on with the falling spot prices in Li China, but they fail to mention that the ROW ( Rest of World ) Li prices are actually going up. The reason the Li spot prices in China were falling were not due to oversupply, but due to the poor quality being sold by Chinese producers.

The problem is that this "analysis" by MS is treating Lithium like iron ore ( e.g. dig it up and ship it ), but Li is not like that at all. There is a lot of chemical process and conversion going on to get to the end product , and it takes several years to expand and get into production to meet demand. Furthermore, all "forecasts" in the past that Li supply will meet demand never occurred ... supply always lagged behind demand despite what the big 4 can do.

In other words, MS ( and a few others like Macquarie, etc ) published a false narrative of the supply and demand of Li, which created "fear" ( isn't that what they want ? ) in the market.

Now I am surprised that, when you said you are not new to Lithium, that you did not know about what happened earlier in the year.

Question now is, do you believe the analysis by Morgan Stanley, Macquarie, etc ??? .. or do you believe those who are actually producing and selling Li ?

Furthermore, you have global issues like the US and China trade war, US mid term elections, US Fed raising interest rates.