From The Motley Fool
Goldman Sachs very negative on Lithium prices through to 2027There are two commodities that get a lot of attention from Australian investors – iron ore and lithium.
Hundreds of billions of dollars are invested in companies with exposure to these metals. As a result, their prices can have a big impact on the wealth of the nation.
But where are iron ore and lithium prices heading from here? Let's take a look and see what analysts at Goldman Sachs are forecasting for the coming years.
Lithium price forecast
It certainly has been a tough 12 months for owners of lithium stocks such as Core Lithium Ltd (ASX: CXO), Liontown Resources Ltd (ASX: LTR), and Pilbara Minerals Ltd (ASX: PLS). They have underperformed due to significant weakness in the lithium price.
But will this weakness soon ease or are things going to stay the same way? Let's now take a look at what Goldman Sachs expects.
As a reminder, the current spot price of lithium carbonate in China is US$13,547 a tonne. This is down from the 2022 average of US$63,232 and the 2023 average of US$32,694 a tonne.
Goldman expects the following for lithium carbonate:
- 2024: US$11,106 a tonne
- 2025: US$11,000 a tonne
- 2026: US$13,323 a tonne
- 2027: US$15,646 a tonne
There are of course multiple types of lithium, so now let's take a look at the price of spodumene.
The current spot price of lithium spodumene is US$1,210 a tonne. This is down from the 2022 average of US$4,368 and the 2023 average of US$3,712 a tonne.
Goldman expects the following for lithium spodumene:
- 2024: US$928 a tonne
- 2025: US$800 a tonne
- 2026: US$978 a tonne
- 2027: US$1,155 a tonne
As you can see above, it seems that Australian lithium miners are going to have to get used to lithium prices trading around current levels for the foreseeable future.
- Forums
- ASX - By Stock
- LTM
- General Discussion
General Discussion, page-1270
-
- There are more pages in this discussion • 1,207 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTM (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.25 |
Change
0.170(4.17%) |
Mkt cap ! $1.426B |
Open | High | Low | Value | Volume |
$4.18 | $4.25 | $4.16 | $1.782M | 423.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 16991 | $4.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.25 | 16624 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 13734 | 4.210 |
16 | 24835 | 4.200 |
21 | 25408 | 4.190 |
13 | 39893 | 4.180 |
12 | 50282 | 4.170 |
Price($) | Vol. | No. |
---|---|---|
4.220 | 20080 | 17 |
4.230 | 21520 | 10 |
4.240 | 33945 | 10 |
4.250 | 39482 | 9 |
4.260 | 16587 | 11 |
Last trade - 10.42am 30/09/2024 (20 minute delay) ? |
Featured News
LTM (ASX) Chart |