CICC Wealth Futures: Lithium prices are already quite high, and chasing highs carries significant risks

Golden Ten Data, April 16 — According to a research report from CICC Wealth Futures, a fire broke out at a refinery in Geelong, Victoria, Australia, and the blaze had not been fully extinguished as of the morning of the 16th. This refinery is one of only two remaining refineries in Australia, with a daily crude oil processing capacity of approximately 120,000 barrels. Based on the previous speculation logic of lithium carbonate bulls, this incident may drive lithium prices sharply higher. However, lithium prices are already relatively high at present, and while there is potential for speculation in the market, the risk of buying at elevated levels is significant. Caution is advised.