LKE 2.0, page-1862

Stoc today
Mr Lithium’s closing thoughts
Aside from that sodium-ion dog quote above, Lowry probs saved his best/most succinct thoughts for his final slides. Key takeaways on those, were…
Did lower prices fix lower prices?“Recent evidence suggest both chemicals and spodumene prices have bottomed. Much of the capacity that drove the 2023 oversupply is currently not economic.“Lower prices also increased demand in the battery sector and limited substitution (sodium ion).” How high will prices go this cycle? “
My prediction is global average carbonate pricing moves into the low to mid $20s/kg by December.”
What else?Lithium is still a very misunderstood market, said Lowry, with banks (like Goldman, like JP Morgan) continuing to try to “force feed investors the standard commodity narrative”.
Moving ahead, Mr Lithium notes believes that excess in China capacity across the lithium-ion battery supply chain will continue to drive the volatility.
And, while China continues to dominate lithium processing, it remains dependent for raw material.