Uranium One Acquisition Price, page-26

Here are some very interesting points made on the latest Morgan Stanley China Lithium Monitor Research from 26th August 2020:

• "... Spodumene imports fell materially in July, resulting in sharply declined spodumene inventory at ~3.5 months of consumption..."

• "... 6.0% grade spodumene import price held stable at ~US$390-400/t in July..."

• "... Consistently improving demand: July lithium end-user demand has improved further and has exceeded the monthly demand in 2H19. The improvement will continue in August based on the production pipeline of downstream users..."

• "... We think China lithium price recovery could happen as early as in late Q4..."

• "... A declining refined product inventory with low raw material inventory (spodumene) could facilitate a faster-than-expected price rally, we view..."

And as always.
This is my personal opinion only and it is not financial advice. Do your own research.