re: Diving deeper on Standard Lithium?

quote:

---

Bacanora Lithium PLC on Thursday said that lithium demand is expected to increase at a compound annual growth rate of 30% through 2023 from 2020 levels.

---

quote:

---

Despite the unprecedented global disruption precipitated by the COVID-19 pandemic, 2020 and H1 2021 saw a revival in market sentiment for lithium with allied rebound in demand and prices

---

quote:

---

In 2020, lithium prices were beset by a softening in demand caused by COVID-19 related softening demand caused by lockdowns which restricted manufacturing output and related reduction in consumer confidence

---

quote:

---

By the turn of the year prices had begun to recover, with reported prices in December 2020 for 99.5% lithium carbonate battery-grade spot midpoint prices CIF China, Japan & Korea at US$6,750 and min 56.5% lithium hydroxide battery-grade spot midpoint prices CIF China, Japan & Korea at US$9,000 per tonne respectively.

---

quote:

---

This buoyancy of the lithium price follows on from the market tightening as the electric vehicle ("EV") revolution accelerates, demand has eroded the oversupply seen in 2019 and 2020

---