...when you had the chance to sell into strength but chose to ride the wave down, prepare for a protracted winter hibernation.
...LT holders don't believe in sell first to buy back, because they're concern about CGT and betraying their faith. UBS downgrades lithium outlook
Joshua Peach
Analysts at UBS have cut their outlook for the lithium price by 23 per cent.
“Our global autos and EV team have revised lower their outlook for autos, EVs and battery demand with significant implications for lithium demand,” the research firm said in a note.
“On equities, this leads to significant near term [earnings per share] downgrades and resultant cuts to price targets.”
UBS rates Pilbara Minerals and Mineral Resources with sell ratings, while IGO and Liontown are rated as neutral.
“Resilient supply and slowing demand result in surpluses building and remaining high until at least 2027.”
