E3 Lithium Ltd (ETL)

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Lithium trends 2019: Prices disappoint
Although optimism about the long-term fundamentals of lithium remains, this year has been a tough one for lithium juniors and producers around the world, and in particular for Australian miners.
Pilbara’s Brinsden said one of the biggest surprises this year was the extent to which China’s domestic conditions have impacted the lithium space.
“China is a key driver because they are the main consumers of lithium raw materials,” he explained. “The change in the (electric vehicle) subsidy regime in China, combined with a relative weakness in the China economy, has clearly impacted lithium raw material demand and in turn it has impacted pricing in a way we hadn’t expected.”
Speaking about the current state of the lithium market, Altura’s Cheeseman said it’s been a challenging year for all the elements of the supply chain.
Piedmont’s Philipps echoed his sentiment.
“We felt the market would recover in mid-2019 and were obviously disappointed by continued market weakness,” he added.
Similarly, E3 Metal’s Lappin said that at the end of 2018 estimates for electric vehicle (EV) adoption continued to be strong, which led her company to expect a stronger lithium market compared to what unfolded.
https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/lithium-forecast/