Banter and general comments, page-28779

Thank you so much SP, UBS post today )))

UBS predicts Australian lithium spodumene concentrate will fetch an average of $US3750 a tonne in the six months to December 31. The Swiss bank reckons spodumene concentrate with 6 per cent lithium will fetch $US3500 a tonne in 2024, $US3000 a tonne in 2025 and $US2500 a tonne in 2026 before settling at a long term price of $US1300 a tonne.

The recovery in lithium prices follows a horror five-month period during which they tumbled more than 70 per cent after China curbed electric vehicle subsidies in January, a move that led to faltering demand and rising inventories.

Lachlan Shaw, co-head of mining research at UBS, observed last moth that commodity prices continue to recover after bottoming in April. But all eyes are on Chinese EV sales which will determine where the lithium price settles in the near term.