Lithium prices tipped to dive 20pc as inventories climb
Alex GluyasMarkets reporterJun 26, 2024 – 1.41pmCiti 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.
- Forums
- ASX - Day Trading
- Day trading pre-market open June 27
Lithium prices tipped to dive 20pc as inventories climbAlex...
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm