#UkraineRussiaWar

#UkraineRussiaWar Place: #Dyliivka Date: ~ Coordinates: , ‍ Squad: Description: The Russian Lancet destroyed the Gvozdika self-propelled gun of the Ukrainian Armed Forces near Dyliivka. id: ️source: Map: MilitarySummaryMapChina may capitalize on the global drop in lithium prices to expand its market share of the metal Lithium carbonate prices, essential for batteries, have dropped over 80% in 12 months to 2020 lows below yuan per ton, from a peak of 600k yuan in October 2022. This reflects a slow in EV demand and an increase in raw material supply. UBS estimates a 40% surplus in lithium by 2024, while Goldman Sachs predicts a physical surplus of 200k tons, urging producers to reconsider future supply plans due to profitability drops. Australian firm Lake Resources projected long-term prices at double current levels for its Argentinian operations in the “Lithium Triangle.“ Seasonal factors in China and a significant supply surplus also play a role. Sales stagnation of new cars could persist into 2024 with manufacturers planning discounts for less popular EV models. Australian mining firms have felt the price drop impact, with continent’s producers holding nearly 40% of the global lithium production share. Pilbara Minerals opted out of dividends after a sharp revenue fall, and Liontown Resources faced canceled financing for a new project. North American producers like Albemarle and Piedmont Lithium are also planning to cut investments. China, however, is boosting its position. Ganfeng Lithium’s deal with Pilbara Minerals nearly doubles its lithium concentrate purchases. CRU Group warns western producers risk losing market share, while Chinese production remains stable, even at a loss. . Follow us on Telegram Источник: Lord Of War