Thread by @sdmoores

<thread> Lithium prices.

In 2019 I was asked whether lithium prices in the next price surge would ever reach the highs of 2016.

My response was this time it would be more aggressive. Instead of the late 20s, prices in China would exceed $40,000/t

There are a few reasons…

This time there are more buyers than in 2016.

There are still not enough sellers: miners, refiners.

Demand for lithium is outstripping the rate supply is growing by double.

The wall of EV demand for lithium continued to build, esp 2026 and beyond.

Right now the lithium industry is responding in real time, in many ways, and isn’t addressing a massive demand issue that we face towards the latter end of the decade.

For this massive investment would be needed or DLE breakthroughs to help close the supply demand gap.

Lithium carbonate price today in China is $28k tonne high end, mid point $24k

This is the top end of what we experienced 4/5 years ago and there’s a long way to go before this price surge runs out of steam … i dont feel we are even half way thru yet

These comments are my feelings but our world class team at @benchmarkmin collect lithium price data to strict methodologies every month

Our forecasting division reevaluates EV supply chain each quarter.

Learn more about our Lithium prices: benchmarkminerals.com/lithium-prices/