This is why your lithium crashed below; there is a global...

This is why your lithium crashed below; there is a global oversupply.

Uranium will be undersupplied for the foreseeable future unless you can provide evidence otherwise.

Lithium carbonate prices steadied at the CNY 75,000 per tonne mark in September, the lowest in over three years, due to persistent concerns about an oversupplied market. Lithium miners and producers in China continued to expand capacity and hunt for new reserves, with market players expecting global supply to soar by nearly 50% this year. This magnified the current supply surplus amid the fallout of the battery glut due to government subsidies for firms across the supply chain. Additionally, hopes of eventual balance in the market drove Chile to signal it would aim to double output over the next decade, and the race to secure battery metals drove China to expand projects in Africa. Adding to the bearish pressure, the EU placed a 9% tariff on Tesla EVs produced in China, adding to trade barriers against China-based EV manufacturers ranging from 36.3% and 17%. Also, the US quadrupled duties on Chinese EVs to 100%, pushing against input materials for battery producers.





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