“Demand rose in 2018, surprised us again by surpassing 27 percent and is expected to grow at rates above 20 percent in 2019,” he said. As a result of strong demand growth, average prices in 2018 were significantly higher than prices reported in 2017; as anticipated, prices in the fourth quarter also remained strong. We believe lithium demand could grow at least 20% in 2019 https://www.prnewswire.com/news-releases/sqm-reports-earnings-for-the-twelve-months-ended-december-31-2018-300803847.html ------------------------- I don't remember any analysts forecasting 27% growth in demand in 2018 Seems there is not enough supply, as prices in 2018 were significantly higher than in 2017.
GXY Price at posting:
$2.18 Sentiment: Buy Disclosure: Held