Lithium prices are set to extend their recovery from a brutal sell-off of 70 per cent as demand outstrips weaker-than-expected lithium supply growth, underpinned by the growing take-up of electric vehicles to meet carbon emission targets.
The recent rise in lithium prices follows a horror five-month period during which tumbled more than 70 per cent after China curbed electric vehicle (EV) subsidies in January, a move that led to faltering demand and rising inventories.
Now those inventories are winding back and at least one broker, Morgan Stanley, believes lithium markets have reached a turning point.
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.