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18/05/17
21:18
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Originally posted by Alterego1168
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Despite the strong growth in demand, Citi expects burgeoning supply will pressure prices towards a long-term outcome of US$7500/t for lithium carbonate and US$550/t for spodumene from the current US$12-15,000/t and US$900/t, respectively.
Looks like potential for $550/t pricing in 2018... hmmm.... did think it may be 2019.......
Now understand why target price dropped from 70c to 55c.
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Since when was "long-term" 12 months away? or even 2 years?.
If you look at the spot prices its trending up not down. And the companies running around trying to secure future supplies.
Why would they bother if the prices are going to return to 550/t in the near term?