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18/05/17
21:16
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Originally posted by Alterego1168
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Despite the strong growth in demand, Citi expects burgeoning supply will pressure prices towards a long-term outcome of US$7500/t for lithium carbonate and US$550/t for spodumene from the current US$12-15,000/t and US$900/t, respectively.
Looks like potential for $550/t pricing in 2018... hmmm.... did think it may be 2019.......
Now understand why target price dropped from 70c to 55c.
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Its odd that no capital for projects but you think price drop in 2018.
Where is new supply to cause the price drop in 2018? PLS is 2 years away. And most others. AJM may just start to produce early 2018.
Who brought on so much supply? ORE cut its production forecast back as well.
So where do your magic lithium pills come from @Alterego1168 must be some bad weed.