Lithium Is Dead For Now: What's Next?

Yesterday Neil Hume, the Financial Times' commodities editor, flagged an interesting evolution inwards electrical vehicle land: 

Bacanora Lithium pulls plug on $100m portion sale
Aim-listed companionship had announced innovation to tap investors for fresh funds on Monday

Bacanora Lithium has pulled the plug on a proposed $100m portion sale, blaming volatile prices for the battery raw material. 

The Aim-listed companionship announced the fundraising innovation on Mon amongst intelligence of a strategic investment of $90m past times 2 novel backers. The motility spooked the marketplace as well as saw Bacanora shares autumn from 80p to 67p.

Lithium miners are racing to secure financing equally they construct projects to capitalise on ascension demand for electrical cars. But with therefore to a greater extent than or less many companies entering the lithium space, many analysts as well as investors are concerned most a looming render glut that volition position pressure level on prices. 

Prices for lithium carbonate, the most mutual type of lithium used inwards batteries, bring fallen past times 14.5 per cent to merchandise at $17,750 a tonne this year, according to Benchmark Mineral Intelligence....MUCH MORE

Although we've been posting on lithium for over a decade, for the recent run-up inwards periodic tabular array investing we  preferred cobalt to lithium going dorsum to an FT slice past times Mr. Hume's confrère (and co-author of the inwards a higher identify story) inwards May 2016:

Why the CIA Reads The Financial Times (and you lot should too) Tesla as well as Cobalt

H5N1 couplet weeks agone nosotros posted a seemingly innocuous slice with a tedious headline: "'Freeport Sinks On Sale of Africa Copper Mine To Chinese' (FCX; LUN.TO)".

I figured in that location were at best 2 grand people inwards the whole basis who knew or cared most the dorsum even out as well as existent import of what was going on therefore I'd only drib it equally an Easter egg for the cognoscenti as well as other assorted electrical vehicle/conflict mineral/African warlord/Elon Musk/extractive industry/Génocidaire hunter/U.S. political corruption watchers to find.

Well straightaway that cat's out of the bag.

Big kudos to the FT's Henry Sanderson for recognizing ane hell of a even out as well as a little asking for the Financial Times: Can you lot state us what the erstwhile ENRC is upwards to these days?

From The Financial Times, May 25:
China plays long game on cobalt as well as electrical batteries...MORE

Well, cobalt futures quadrupled on the LME as well as inwards fact the bluish stuff was the best performing portfolio commodity inwards 2017.

August 2017 

Lithium: "Electric Car Boom Drives Rush to Mining's $90 Billion Hub"

Eighteen months agone nosotros went with cobalt over lithium equally the battery cloth that would live inwards shortest render as well as hollo back that is withal a right assessment. However, if long-suffering reader is interested the 'search blog' box has quite a few hits for 'lithium'.... 

But all expert things come upwards to an end:
(LME cobalt)


source: tradingeconomics.com

And fifty-fifty though nosotros didn't bring an involvement inwards lithium nosotros kept rails of it:

January 2018
Lithium: Here Comes the Supply Surge

And a couplet weeks later:
Lithium: After Four Years of Negotiating, SQM as well as Regulator Reach Agreement On Increased Production (SQM; ALB)

Since those Jan '18 posts the 2 stocks highlighted inwards the headline haven't done therefore well:

FinViz 

FinViz

And to top it all off equally the FT reported on July 17th "LME moves closer to lithium contract launch with asking for pricing providers"

The London Metal Exchange has moved a measuring closer to launching the world’s commencement lithium futures contract, issuing a asking for pricing providers, according to a document seen past times the Financial Times. The LME is laid to launch a cash-settled lithium contract inwards the instant one-half of 2019, which would allow traders to speculate on prices for the electrical automobile battery ingredient....MORE

Keep inwards take away heed what oft happens when an "investment" without futures of a abrupt has an musical instrument that allows shorting. (looking at you, Bitcoin)

By mid-2017 nosotros had already started casting most for the side past times side obscure chemical ingredient as well as on June 29, 2017 posted:
The Cobalt Trade Worked Out, On To Ruthenium

Which, he said modestly led to this even out inwards December, 2017:
"Rush for Ruthenium Has Metal Soaring 375 Percent inwards 2017: Chart"

From Bloomberg Quint:

(Bloomberg) -- Demand for difficult drives as well as for electrochemical applications has driven little-known ruthenium to the highest cost inwards to a greater extent than than 7 years. Soaring to $190 an ounce, according to Johnson Matthey Plc, it’s to a greater extent than than quadrupled this year, outperforming all major commodities -- as well as it may bring to a greater extent than to run. “This rally has legs,” Jonathan Butler, a precious metals strategist at Mitsubishi Corp. inwards London, said past times email. “There’s expert industrial buying out there.”

So, ane mightiness live asking oneself, what's next, how create I discovery what moves after cobalt as well as ruthenium?
It's easy, you lot tin create it at home.

First assemble upwards your tools: to a greater extent than or less darts as well as a periodic table:....MORE

Throw your darts, Federal Reserve annotation where they land,  invest away as well as survive, thrive & relieve civilization!
We'll live dorsum with ane possibility side past times side week 
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