I’ll just leave this here for future reference. Looking forward...

I’ll just leave this here for future reference.

Looking forward to looking back at this over the coming years, btw.


“Morgan Stanley, who thinks lithium markets will remain in surplus until “beyond 2030”. “

• 
  

Exhibit 8: Lithium oversupply may take some time to rebalance. Source: Wood Mackenzie, Morgan Stanley Research. (From: “Lithium views from Las Vegas Conference”, Morgan Stanley Research, 1 July 2024)

“The above Exhibit from Morgan Stanley shows lithium carbonate equivalent (LCE) deficits/surpluses since 2018, and the broker’s forecasts until 2030.”





“Given its concern about the supply side, Goldman Sachs concludes “we continue to factor in near-term pricing weakness over 2H CY24 and CY25”. See below the broker’s lithium price forecasts out to 2030.”


Table: Goldman Sachs lithium price forecasts. Source: Goldman Sachs Research



“Macquarie predicts elevated upstream supply could continue to “weigh on lithium prices in the near term”.”


Macquarie ASX lithium coverage. Source: Macquarie Research

——

DYOR on the stocks that these punters actually hold.
With these sorts of outlooks, one would think they’d own ZERO and be short selling up to their eyeballs….


Time will tell.