High Voltage: Goldman Sachs is wrong about oversupply and lithium miners look cheap, experts say
https://unauthorised investment advice/resources/high-voltage-goldman-sachs-is-wrong-about-oversupply-and-lithium-miners-look-cheap-experts-say/
"Earlier this week producer Allkem (ASX:AKE) announced the average price received in the June quarter would be 14% above prior guidance at US$40,000/t on sales of ~3,500 tonnes.
At current lithium prices, all producers are generating peak cycle returns, yet share prices are implying prices of $US18,435- $US23,716/t LCE, says financial services company Jefferies.
That’s a 70% discount to current prices.“Based on our global view we believe supply fears will dominate pricing discussions,” it says.
“We expect another fly-up into year-end and prices only normalising to an economic ‘incentive’ level in 2026-27.”
AZL General Discussion, page-9109
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