Nemaska Lithium Inc NMKEF

lithium prices still sagging

[Tcheck]

Lithium prices have been trading below 50,000 CNY/Tonne since the beginning of 2020 on bearish outlooks for lithium demand amid weak orders from electric car makers in China, according to spot prices for lithium carbonate, 99.5% Li2CO3 min, battery grade, traded in China. Another major factor in the decline in lithium prices is the surge in mine supply, with investors expecting that new production from Argentina, Australia, and Chile, could add 500,000 tonnes of lithium to the market per year by 2025.

forecast

Lithium is expected to trade at 46215.10 points (+- 9240 cad $) by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 43940.30 in 12 months time.

1cny = 1 chinese yuan equals 0.2 cad . so divide by 5

trading economics lithium

[TFSAfunds]

lol Tcheck, it appears as though you've finally run out of positive news links about lithium and Nemaska to feed us! But, in keeping with your desire to maintain your requisite number of daily posts, you'll flip over to supporting our point of view... lol. We knew you'd come around eventually. cheers!