金属与矿业-锂矿行情已过度演绎-metal&ROCK -Lithium Overdone
2026-02-24 14:17
February 17, 2026 05:00 PM GMT metal&ROCK | Europe Lithium Overdone? A surge in ESS deployment has driven a material shift in lithium demand and prices since mid-2025. However, with prices tripling, weakening EV sales and more producers looking at supply responses, we think the move is likely overdone, with some downside from here (MSe $15k/t 2H26). Key Takeaways A material demand shift in ESS: The shift from the feed-in tariff model to market pricing in China's renewable power market in mid-2025 unlocked p ...