https://www.copyright link/street-talk/buy-everything-jpmorgan-bullish-on-lithium-miners-20210810-p58heuBuy everything!
JPMorgan bullish on lithium miners (AFR)
JPMorgan’s metals and mining team have re-thought supply and demand for lithium and come to one conclusion: buy all the lithium miners. The analysts put “overweight” ratings on all five ASX-listed lithium names under their coverage including IGO Ltd, Orocobre and its merger partner Galaxy Resources, Mineral Resources and Pilbara Minerals. JPMorgan reckons there will be 19 per cent a year increase in demand for lithium over the coming 10 years, on a compound annual growth rate basis, based on demand for electric vehicles and batteries. That means supply will struggle to keep up, and the analysts said they would see a deficit beyond 2030. (summary only)
AFR Article
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