Lithium prices tipped to dive 20pc as inventories climb

Alex GluyasMarkets reporter

Jun 26, 2024 – 1.41pm

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Citi is betting that lithium prices will dive as much as 20 per cent over the coming months amid signs that inventories of the battery material are rising at a “dramatic pace”.

The broker is recommending investors short the commodity following a 5 per cent plunge in Chinese carbonate futuresto $US12,000 a tonne overnight, extending the lithium price decline to 15 per cent over the past month.