Albemarle , ex-Fastmarkets
London
Joined June 2014
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Missed opportunity here. Should have called the counter movement Just Stop Just Stop Oil, forcing Just Stop Oil to launch a Just Stop Just Stop Just Stop Oil. Eventually, after Just Stop Just Stop Just Stop Just Stop Oil comes along, maybe they could all agree to Just Stop It…
And just as #spodumene spot price ticks up a notch, #lithium carbonate & hydroxide in seaborne spot market cop a pasting!
🧵 Lot of people talking about the pick up in @FastmarketsNG #spodumene spot price yesterday. I do think it’s a significant moment in the broader #lithium price story but requires some interpretation…
It also implies a spodumene price floor for now that’s much higher than many analysts expected. If merchant-converted spod is still required as the marginal supply source once lepidolite/artisanal starts exiting at <RMB250, then spod should be supported at $4-4.5k/t.
Daily volume hit a new record of 276 lots yesterday on @CMEGroup #lithium hydroxide (#Fastmarkets) futures - open interest now up to 1,362 lots. Increased exposure to underlying index & recent price volatility has seen both hedging & speculative interest tick up.
@FastmarketsNG
Peter Hannah retweeted
Lithium demand continues to grow, with wide adoption driving open interest beyond 1,000 contracts, extending out to June 2024. Learn more about Lithium futures: spr.ly/6016OGjUI
Thanks for having me back on, Joe @globallithium! Really enjoyed our chat in the midst of such interesting #lithium market conditions.
@FastmarketsNG @Fastmarkets
Episode 157 of the Global Lithium Podcast with @Fastmarkets Peter Hannah can be found here: open.spotify.com/episode/30b… @PHmetals
Peter Hannah retweeted
The @ApplePodcasts link to E157 of the #GLP with Peter Hannah @PHmetals podcasts.apple.com/us/podcas… – at Pineville, NC
6) I wrote in a🧵last Nov: "What we can be most certain of is that prices will be volatile. If you're invested in the sector it's worth getting comfortable with volatility, and making it your friend rather than your foe: teapaw.org/PHmetals/status/159287…
Whatever your view, this feels like an interesting moment in the #lithium story. Forecasts are becoming increasingly divergent, market signals confusingly mixed. It's a good time to reflect on timeframes, expectations and the known unknowns...