The rest of the article goes on to say:
- Morgan Stanley said that carbonate prices were already below its fourth-quarter forecast of $US10,000 a tonne, but it believes they are nearing a bottom.
- “With slowing China output and future growth plans slowing, the balance could tighten into peak season,” said Morgan Stanley commodity strategist Amy Gower.
- “This could allow lithium prices to stabilise, or even bounce modestly from current levels.”
I think the rest of the article is more optimistic on the lithium outlook as a whole.
Cheers.
LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-4263
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