@JytteHilden
The last i saw they stood firm on their forecasts, other than reducing the surplus they had previously estimated (something like 70,000 tonnes).
These was their predictions:
Lithium carbonate (per tonne)
Spot: US$61,350
2023: US$53,300
2024: US$11,000
2025: US$11,000
Lithium spodumene 6% (per tonne)
Spot: US$5,800
2023: US$4,330
2024: US$800
2025: US$800
Now I think I'll bet my left nut that spot prices do not go down in 12-18 months almost to levels previously seen a few years ago when Lithium wasn't in demand at all (and one reason why NAL fell over).
Between now and then, how many new mines are coming on board ? Less than a handful.
Their reasoning ? China has more than they expected.
Didn't stop them investing heavily into a few lithium companies however lol
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