Great news for lithium investors: the super cycle in lithium is resuming. The lithium market experienced a pullback in the last 6 months. A few weeks ago, we mentioned that The Lithium Market Is Bottoming, A New Lithium Bull Run Is Looming. We believe that new next leg in lithium’s mega bull market is resuming. It will start slowly, obviously, but accelerate later this year, as per our current expectations expressed in our lithium forecast 2023.
Spot lithium – the weekly chart features the 2023 drop and the bounce that started in May. This bounce is young, it needs much more ‘body’ to qualify as a solid foundation (consolidation) on which the next leg higher can start. But the point is that spot lithium should not move much lower from here in order to allow lithium miners to continue their uptrend.
Alkemy Capital Investments plc (LON:ALK, FRA: JV2) is focussed on developing projects in the energy transition metals sector. Alkemy’s wholly-owned subsidiary Tees Valley Lithium (TVL) is developing a state of the art lithium hydroxide plant at Teesside, UK. TVL is Europe’s largest independent and sustainable lithium hydroxide producer.