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Let's hope so. It would be a game-changer. #Lithium

#Silver is booming, largely due to solar, which will also drive #lithium. mining.com/web/graphic-si…

As of today, the #lithium carbonate price (in $) has increased or remained constant for 23 days, reaching $9,842/mt, an 18.2% rise. Consequently, over the last 22 days, the stock prices of $SQM, $ALB, Tianqi, & Ganfeng have increased by 20%, 36%, 21%, & 14%, respectively.

Instant News: After a rough start today, #lithium carbonate futures prices are climbing in China as we approach midday. The futures market is becoming more volatile as time goes on. Check out the behavior of the most-traded futures contract.

Zimbabwe exported 586,197mt of SC between Jan & Jun, compared to 451,824mt during the same period last year, according to statistics from the Minerals Marketing Corporation of Zimbabwe: reuters.com/world/africa/z… ZIM produces 3 types of SC. A proxy for LCE in H1 25 would be 58kmt.

#Argentina: #Lithium mining company lays off dozens of workers in Jujuy "The 80 layoffs to date are, in fact, a way to reduce costs and maximize production (and, of course, profits). They will continue to produce the same (or more) with fewer employees." laizquierdadiario.com/Minera-de-liti…

Except for the seaborne #lithium hydroxide price, which remained unchanged, all other Li chemical & ore prices rose today in the Chinese spot market. Prior to the futures rally, the Li2CO3-LiOH price gap fell to $1,399, though a level still higher than that 3 days ago.

Incredible! At the close of trading today, the average #lithium carbonate futures price increased by 8.29% (the largest interday percentage change since 02/29/24), surpassing the average spot LC price by CNY 6,671 (the largest contango since 03/06/25). A boom in market sentiment!

As expected, following the futures rally today, the stocks of Tianqi & Ganfeng skyrocketed with rises of 10% & 8%, respectively. Meanwhile, past middday, SQM & ALB's stocks were up 4.3% & 5.3%.

Is this the end of cheap labor and, consequently, migration? What's next? #Lithium

In 3 comments on one of my latest posts, GROK, 1) is as surprised as I am at the recent surge in #lithium carbonate futures; 2) wonders if this might signify the end of oversupply in China; & points to grid-scale battery projects as responsible for outpacing current supply chains

Thank you so much for your comment. I appreciate it. #Lithium

At midday today, the most-traded #lithium carbonate futures contract ($LC2509) rose by 7.94%, surpassing the 80k/mt mark and reaching its highest level since January 17, 2025.

I am confident that not all industrial companies will be willing to build two factories, which means there will be some potential for outsourcing. As a result, independent data centers will emerge that could serve different companies for their AI and, eventually, QC needs.

At market close today, the most-traded #lithium carbonate futures contract ($LC2509) rose by 7.99%, surpassing the 80k/mt mark and reaching CNY 80,520/mt, its highest level since January 17, 2025. Stay tuned for further details.

I'm glad to report once again that a GENERAL REBOUND has occurred today in the Chinese spot market. As yesterday, before the futures rally, the Li2CO3-LiOH price gap fell to $1,362, though a level still higher than that 4 days ago. A supply pressure may now be driving the prices.

A few months ago, I suggested that Chinese electric vehicle exports could be a source of shock to #lithium demand. This appears to be materializing.

At the close of trading today, the average #lithium carbonate futures price increased by 4.61%, surpassing the average spot LC price by CNY 8,188 (the largest contango since 09/30/24). The boom in market sentiment continues, as reflected by all futures in the green.