General Discussion, page-2207

Citigroup, 16.5.23, is also predicting a possible further 25%-40% increase in the Li price between now, & the end of 2023 (ie on top of the large increase that has occured from 25.4.23- 19.5.23). This prediction is still lower than the Li record price on 14.11.22.
Furthermore, Morgan Stanley is also confident there will be further increases in the Li price.
Bodes very well for ESS SP.

AFR A.Gluyas 17.5.23 said

"Citigroup has declared the collapse in lithium prices is likely to be over, andprices should reboundby as much as 40 per cent by the end of the year as downstream producers start to restock and policy support in China boosts sales of electric vehicles...

And the broker believes lithium’s recent rally has further (my emphasis) to run, predicting Chinese carbonate prices will hit between $US35,000 and $US40,000 a tonne by the end of this year, representing 25 per cent to 40 per cent upside.

“We believe the battery supply chain destocking cycle in China is in its final phase and active restocking in the second half of 2023 is likely to support prices at higher levels,” analyst Shreyas Madabushi said...

Citi’s bullish callechoes that of Morgan Stanley, which last week said that lithium markets had hit a “turning point” as sentiment improved from falling inventories and softer-than-expected supply growth...".

https://www.copyright link/markets/commodities/lithium-prices-tipped-to-surge-by-40pc-this-year-20230517-p5d8yd#:~:text=Citigroup%20has%20declared%20the%20collapse,boosts%20sales%20of%20electric%20vehicles.

(To open article fully, google "AFR Gluyas lithium prices tipped to surge 40% this year").