Too early to go full bull on lithium
Although late-February and early-March saw a strong trend of recovery in lithium equities after Chinese New Year, we still believe it may be a little early to go all out positive. We do believe that materials prices, and by extension equities, have put in a trough but see potential for further weakness before fundamental demand comes through. We would be setting buying levels rather than chasing any price moves for now. Elsewhere in the raw materials complex it remains pretty torrid. The flurry of offtake agreements signed in graphite in February highlights the midstream and downstream companies’ concerns about supply,...
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Cathodes
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Graphite
Lithium
Manganese
Midstream
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