Lots of interesting news about.....
Lots of future supply already offtaken!
'Albemarle states that 80% of its 2021 #lithium hydroxide nameplate capacity tied into long-term contracts and 87% of carbonate. All contracts include a price floor at 2018 price levels & minimum purchase agreements' - Benchmark Minerals
China putting in regulations on compulsory EV production
'China is set to unleash a seismic shakeup of the automotive industry when it introduces stringent rules to promote new-energy vehicles. From 2019, major manufacturers will be punished unless they meet quotas for zero- and low-emission cars or they buy credits from other companies that exceed the quotas.'
'Automakers that produce more than 30,000 vehicles will have to obtain a new-energy vehicle (NEV) credit of at least 10 percent in 2019, rising to 12 percent in 2020.'
https://www.bloomberg.com/news/arti...shake-up-the-world-of-electric-cars-quicktake
MIN concentrate prices down but robust
'- For shipments departing 1 July 2018 to 30 September 2018, the 6% Price is US$1,070.85/dmt (CIF).
- For shipments departing 1 October 2018 to 31 December 2018, the 6% Price is US$930.80/dmt (CIF).'
Chinese Lithium carbonate spot price seemed to have levelled out
Fastmarkets…
Shanghai Metals Market...
Asianmetal…..
EV sales all time record month in China and world
* 200.5k in Sept 2018 globally, 120K in China in October
* Sales gradient increasing each year (moving slowly up the S curve)
Sector improved past two weeks
* Average % down from Jan highs improved from 57% to 54% (yearly average low was 60%).
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Lots of interesting news about..... Lots of future supply...
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