ALB - Lithium Investing: Production Remains Concentrated Despite Significant Rise In Exploration Activity
Since 2016, lithium chemical prices have been on the rise due to a build-up in battery manufacturing capacity. This increased manufacturing capacity is generating a tidal wave of demand for new energy vehicles and stationary energy storage technologies, along with a variety of secondary applications. As illustrated below, prices outside China have increased from $6,000/ T LCE to $14,000T/ LCE and continue to remain high, as new supply has proven to be difficult to bring to market in a short period of time.
My investment thesis remains unchanged due to the complicated nature of lithium