REE finally catches a bid in June
The REE space finally caught a bid in June, with our REE equity basket up 33% for the month as shortages of REE at carmakers and other manufacturers hit the headlines. We think it could take several months for supply from China to return, so we expect that REE could continue to perform well in the near-term. Elsewhere, there were a number of bullish broker reports and forecasts on lithium in June, aided by the talk around the Fastmarkets conference. This led to strong performance by lithium producers. We do believe that lithium prices have troughed but remain wary about...
Topics
Lithium
Low-cost
Midstream
Nickel
Rare earth
REE
