According to China, China is sitting on 100kt, not Rodney, as...

According to China, China is sitting on 100kt, not Rodney, as that's what he was questioning in his linkedin post. Nonetheless, if as you say, China are sitting on 100kt of spod, that equates to 13,500 tonnes in LCE terms. If you assume 80% suitable for batteries, maybe 2 months inventory, which is expected, in Dec 2019, that was 4 to 5 month inventory, according to GXY.

Citi analyst provided an upgrade on lithium demand overnight, implying deficits in 2022, which is only 18 months away. Morgan Stanley did the same a few weeks back, and at the time, I suggested that was a shot across the bow for those short to start covering, from which we have seen short positions more the half over the past 3 weeks. Warning, don's be late, hope is not a plan