Lithium
We did a client event here, in Sydney, yesterday, and I was asked about lithium.
Lithium, and our not owning any, has been the proverbial thorn-in-the-side, this past year.
Still, it is worth mentioning that CATL (big listed battery manufacturer in China) is offering sizeable price discounts due to overcapacity, which is interesting.
There’s also new technologies (the humble sodium ion battery, in place of lithium ion) that appear to be making waves.
The lithium price (3rd column, 3rd row) is still enormously elevated. But if human ingenuity does it’s thing (sodium; anything, really) and there’s any sort of cyclical slowdown in EV sales (rates and inflation biting, for car demand, or changes in subsidies, that support demand) it could really get going.
Here’s the Bloomberg graph for their story (gated).
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