Post by
supersceptic on Nov 11, 2019 2:40pm
Lithium spot is 12% up this moth
Now only 13% down year per year.
After so many problems, month is not enough to calm down investors, never mind attract new ones.
Overall we are back to May. The trend was up and down, but down was always sharper then up since Jan 2018.
Since the absolute bottom, August 26, we see two times ups higher than down. There is no economics behind, except for expectations: demand is still up, but suppliers are delaying expansions.
Will be curious to see (and good to see) whether next 3-4 month trend continued. For NLC financing prospects would surely improve.
Comment by
tiger6301 on Nov 11, 2019 2:57pm
Hi S-S, Any link? I have read that the Li spot price have been done, and it forecast to be done. tiger
Comment by
supersceptic on Nov 11, 2019 3:39pm
Here it is: I like this source, though it is a index, not per tonne: https://tradingeconomics.com/commodity/lithium
Comment by
tiger6301 on Nov 11, 2019 4:52pm
Hi S-S, Thanks. As you said it is an index, and it seems no one (at least me) knows what are included in the index. I more follow this link. tiger https://www.metalbulletin.com/lithium-prices-update
Comment by
supersceptic on Nov 12, 2019 9:52am
Thanks for the link. A bit too China focus, but so far Li is still speciality material, on the way to became commodity, m/b 2 year from now.