Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-36

Goldman Sachs was pilloried in 2022 (one of the first experts to be so gloomy) by many other experts etc. for their downbeat predictions of Li & Li chemical severe price falls- however, they were correct.

This is their April 2024 3-year forecasts for CY 2024-2027. Of course, there is no certainty they will be correct again- but it is prudent to consider the "Li mega bear" view.

IMO, the current high oil prices, & severe , almost certainly ongoing, geopoliticalinstability- or even war! - in the Middle East, & ongoing brutal war against Ukraine/sanctions, are strong indicators that oil prices will remain high. Consequently, with high oil prices etc., it is logical to expect EV sales will start to grow again (ex China, where EV sales are already high, & widely predicted to soon hit 50% of all new car sales there).
GS, therefore, may be underestimating the potential for Li etc. to rise much more strongly in the next few years.

Goldman Sachs say LCE demand, in tonnes, will grow c.75% by 2027- & predict "reasonable" Li prices rises in 2026 (spod 6%- prices slightly lower in 2025, but c. 24% higher in 2027; LCE stable price in 2025, then price rise from 2026, up to c.40% higher by 2027; but Li Hydroxide to rise in 2025.
By 2027, Li chemical prices to rise c.40%-60%, cf 2024 predicted prices- with Li Hydroxide the biggest increase in price, up c.60% in 2027. to US $16146 p/t.

Post #:73459317 ( Thanks@Budfox02for the GS link)