Dale is correct. When it turns, it turns quickly. In August 2021, it turned quickly. Carbonate went from 90k CNY/t to 500k CNY/t by March 2022.
If I was on the BOD, my recommendation would be hold back supply, stockpile 200kt, release it incrementally as prices approach incentive pricing ($3000 US, IMO).
Apparently, according to Rodney Hooper, CATL have reduced inventory from 100 days to approximately 50 days. As demand increases, the remaining inventory will deplete so restocking will happen.
Lots of disinformation out there.
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$3.11 |
Change
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Mkt cap ! $9.360B |
Open | High | Low | Value | Volume |
$3.15 | $3.17 | $3.06 | $206.5M | 66.15M |
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No. | Vol. | Price($) |
---|---|---|
3 | 212414 | $3.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.12 | 1870994 | 18 |
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No. | Vol. | Price($) |
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1 | 285 | 3.110 |
4 | 27505 | 3.100 |
1 | 164 | 3.090 |
17 | 142692 | 3.080 |
33 | 181439 | 3.070 |
Price($) | Vol. | No. |
---|---|---|
3.120 | 26906 | 7 |
3.130 | 48096 | 5 |
3.140 | 95050 | 7 |
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3.160 | 105230 | 4 |
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