https://www.reuters.com/markets/commodities/chinese-lithium-price-dives-heated-auto-price-war-2023-03-23/?fbclid=IwAR2RAgPw26A9tKWAroChpvlo_mfV0wwmlVNVTB9KPxD_yow-gmLhMUG-6z8
Great for Tesla and EV battery makers. Not so great for Albemarle, SQM, Livent, and other lithium producers. Earnings due end of April. Will we be surprised. Recent numbers outstanding.
"Lithium prices in the United States and Europe have also fallen, albeit less sharply, amid rising but still tight supplies and a stronger outlook for EV sales.
Lithium carbonate prices in Europe and the United States have declined to $61.50 per kg on March 16, down 24% from a peak of $81 per kg late last year, according to Fastmarkets."
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China announces floor pricing for lithium.
https://www.reuters.com/world/china/chinese-lithium-producers-set-price-floor-demand-evaporates-sources-2023-03-31/?fbclid=IwAR2zLdIY2zdhVjX7qbWBjiBGs-jL46100WoRN-RziJHcrzdtps9Yu2wSJ9o
Sounds like price fixing. US companies cannot participate.
“Participants at the meeting also discussed the planned launch later this year of lithium carbonate futures on the Guangzhou Futures Exchange”
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