Just came out under The Aus Business news:
Lithium market "remains tight":
Macquarie Equities says the lithium market "remains tight", supported by a rebound EV sales following the recent supply chain disruptions in China.The broker notes that spot lithium prices in China rebounded after a recent correction.It now expects spodumene prices to peak at US$4,900 a tonne in the September quarter and upgrades its short and medium-term forecasts by 8-13 per cent a tonne to reflect the "persisting market deficit despite an accelerating supply response."It doesn"t see material volume from new spodumene producers until 2023.Moreover, Macquarie continues to think strong demand from the growing EV market could more than offset the rise in lithium supply from spodumene and brine.
Just came out under The Aus Business news:Lithium market...
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