Lithium, Graphite & Cathodes

After the price bust, supply exceeds demand. Non-China graphite and processing remain the strategic gap.

Mine→Refine→Cathode / anode→Cell

Tightness score ⓘ

#56 of 56

▼ Easing

Supply concentration4

Lead time4

Capex intensity4

Geopolitical exposure4

Pricing power1

Lead time

24–48 mo

Theme 1M

−15.0%

% in uptrend

Metric to watch

Lithium carbonate prices, mine curtailments, and graphite export controls.

What would prove us wrong

Strengthens if curtailments and storage demand rebalance the market.

Dependencies

Equal-weight · rebased 100 · 1Y

Stocks we track

Who controls this bottleneck

Roles, not recommendations. Delayed prices; local currency.

Stock	Role	Listing	Last	1D	1M	3M	YTD	Off 52w high	Next earnings
ALB Albemarle	Largest lithium producer outside China	NYSE US	$99.05	+6.02%	−7.8%	−12.7%	−29.4%	−53.8%	2026-11-04
SQM SQM	Lithium brine producer	NYSE Chile	$60.38	+5.99%	−7.3%	−8.9%	−9.5%	−35.0%	2026-11-17
PLS.AX Pilbara Minerals	Hard-rock lithium	ASX Australia	A$2.88	+1.41%	−25.0%	−31.0%	−31.1%	−56.9%	—
LAC Lithium Americas	Thacker Pass lithium project	NYSE US	$2.15	+6.38%	−19.8%	−20.7%	−50.7%	−66.6%	2026-11-13

Auto-updated