Lithium Related Media Articles, page-60

A good example of the two extreme endpoints of supply and demand overnight.

Firstly, Canadian lithium has another casualty this week.  CATL  idles spodumene concentrate production in Quebec (NAL) as Australia oversupplies China conversion capacity.  Yet to see anything official but I believe that mine was producing below 6% concentrate ( 5.5% according to one poster).

The other extreme is this that was published a few days ago where clearly they see demand rising.

China's CATL to Build World’s Largest EV Battery Plant in Germany

CATL recently announced that its plant under construction in Germany would become the world’s largest EV battery manufacturing plant in the near future. The plant’s manufacturing capacity is scheduled to be increased from 14 GWh in 2022 to 100 GWh in 2025. For reference, Tesla’s Gigafactory in Nevada is aiming at a capacity of 35 GWh.


Go figure right?

The LIT had a good night last night thanks to SQM being up over 3% which the LIT is heavily weighted in.  The monthly chart looks interesting though with potentially two straight green candle months since the 2018 downturn.