Food for thought - "... perpetual lithium deficit..."
https://www.livewiremarkets.com/wires/talk-of-perpetual-lithium-deficit-sends-new-energy-bulls-into-a-buckin-frenzy
It’s a question that Macquarie’s equity desk addressed this week. It came up with a stunning answer – the lithium market is in perpetual deficit.When was the last time a commodity was described to be facing a "perpetual deficit"? Has it ever been the case?Naturally enough, a view on a perpetual deficit scenario affects price expectations. So, there is no surprise Macquarie has upgraded its lithium price outlook.
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