GALXF - Lithium Miners News For The Month Of May 2018
Welcome to the May 2018 edition of the lithium miner news. This past month saw little change for the lithium stocks despite the incredibly good news from Volkswagen (VLKAY). It seems the market still cannot get over oversupply fears. Meanwhile the lithium price action confirms a balanced lithium market and longer-term contract price increases.
Lithium spot and contract price news
During May, 99.5% lithium carbonate China spot prices were down 0.44%. Global Lithium Carbonate Equivalent ((LCE)) contract prices are around US$16,000/tonne, and are up about 20% on 2017 prices. [[SQM]] recently reported its average