Li · The Lithium Desk Lithium The most violent price chart in the complex. Mind the units.
Bulls vs. Bears — Lithium The state of the argument, from recent news flow
The Bull Case No credible mass-market battery chemistry replaces lithium this decade. Low prices are curtailing supply and killing projects — sowing the next squeeze. Grid-scale storage is a second demand engine on top of EVs. Western buyers want ex-China lithium chemicals and will pay to de-risk. Permitting and ramp delays mean new supply chronically arrives late. The Bear Case The market is violently reflexive — every spike over-invites supply. Brine, claystone and DLE expansions can flood the market when prices recover. There is no real scarcity of lithium in the crust — only of cheap, fast supply. EV demand forecasts keep getting cut; the curve is softer than 2022 assumed. Most juniors sit high on the cost curve and don't survive a low-price year. 36 Cool Heat Index · 0–100
Price momentum 35
News flow 38
Equity performance 34
Weights: news 30 · momentum 35 · volume 10 · equity 25
Lithium is the core battery metal and the most reflexive market in the basket — it overshoots up, overshoots down, and takes a lot of juniors with it. Brine vs hard-rock, LCE vs hydroxide vs carbonate: the units decide the argument, so we keep them straight.
Latest takes Li · Lithium The most violent chart in the complex just did what it always does. Before you call the bottom, get straight on brine vs hard-rock, carbonate vs hydroxide, and who actually survives a low-price year.
Jun 12, 2026 CoCCuLiNi Desk Conviction
Lithium operations on the map Operation Country Owner Stage Greenbushes Australia Talison (Tianqi/IGO + Albemarle JV) Producing Salar de Atacama Chile SQM & Albemarle (CORFO leases) Producing Thacker Pass United States Lithium Americas (GM offtake) Construction
See all of these on the interactive Global Mine Map →