- WORLD EDITIONAustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Rodney Hooper: Lithium Prices, New Supply and Lessons Learned
Rodney Hooper of RK Equity shared his thoughts on the lithium market today, including potential new sources of supply, what to consider before investing and where prices may go next in 2023.
Lithium has seen ups and downs lately. After hitting historic highs in 2022, prices for the commodity fell from last November to April. Now the battery metal is on the rebound again, continuing a rally that began at the start of Q2.
Speaking with the Investing News Network at Fastmarkets' latest Lithium Supply and Battery Raw Materials conference, Rodney Hooper of RK Equity said last year there was a greater deficit than expected as downstream players stocked up.
“Then we started this year with a bit of weakness in China with electric vehicle sales, but that's come back as of May,” he said. “The economics of lithium are playing out as expected … we've come back to where I think is a fair position at the moment for the year.”
Commenting on pricing, Hooper said the downstream doesn’t seem to like anything higher than US$50,000 per metric ton, but this part of the market is not always in control.
“If we see a recovery in electric vehicle demand going up towards the end of the year, I think energy storage can add to that, and we could see something of a price squeeze or slightly higher prices towards the end of the year,” he said.
Hooper also shared his views on what's ahead for lithium and lessons learned when investing in battery metals this past year.
“I think investors still need to be very cognizant of global macro factors,” he said.
Listen to the interview for more from Hooper on lithium in Africa and Canada, and what could derail a structural supply deficit. You can also click here for our recap of the Fastmarkets event.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.
Priscila is originally from Buenos Aires, Argentina, where she earned a BA in Communications at Universidad de San Andres. She moved to Vancouver for the first time in 2010 and fell in love with the city. A few years after she went to London, UK, to study a MA in Journalism at Kingston University and came back in 2016. She enjoys reading, drinking coffee and travelling.
Learn about our editorial policies.