Lithium inflection point confirmed
Signs are good for the lithium market after the first positive week-on-week comparison in SpodCon prices since 2019, as well as further positive moves in the Chinese lithium carbonate spot price in recent weeks. It looks very much like a floor has been put in in prices and that movement should be positive from here. How much could prices move? Well that’s the question. As I’ve noted before, I think prices could rise up to four times in this cycle, but in the near-term an analysis of material prices in previous take-off events suggests that an average move of c.20-30%...