Lithium Might Not Be the Bull Market You Think It Is
Koby Kushner of Libra Lithium talked to me about the lithium in this episode. Are we heading into a real bull market or another short-lived hype cycle? We dig into why China still drives demand and price discovery, why stationary energy storage has become the sleeper catalyst analysts underestimated, and why electrified trucks and developing markets could keep demand surprising to the upside. On the supply side, we get into the swing-supply boogeymen (Chinese lepidolite and African DSOs), what’s changed with Chinese regulations and Zimbabwe export policy, and why flooding the market again may be harder in a much larger lithium market. We also talk incentive prices for new supply, why spot prices can still spike in tight markets, what could actually flip the bull thesis bearish (clays, DLE, and policy-driven supply), and whether lithium juniors even make sense in this environment.
