China lithium carbonate futures hit 11-week high China's lithium carbonate futures on the Guangzhou Futures Exchange hit an 11-week high, amid speculations of supply disruption against rising demand from the battery sector. The most-traded July lithium carbonate contract jumped as much as 7.5% to 112,250 yuan ($15,592.66) per metric ton in early trading, the highest since Dec.11. It was up 4.5% by 0418 GMT, marking a fifth-day rally with a total gain of 14% from a two-month bottom. Speculation about environmental inspection at the country's main producing region Jiangxi province sparked supply concerns. -Reuters
@chigrl However, the COMEX lithium futures exchange has been flat at $13.25 during the entire month of February 2024. The market was very over-supplied with lithium going into 2023. The potential for future lithium demand growth is still very good.
@chigrl Oh. Wait. The COMEX lithium futures just jumped 16% to $15.37. Bwah!
@chigrl $LAC finally moved - was wondering why. I’m hesitant to add to the position because commodities have been destroyed