Good News & Bad News, page-11008

Heres another tasty morsel..

I hope UBS' predictions are correct because that would mean that we're are going to need another 300000 tons of LCE by 2025 on top of the ALB prediction of 1.14 million tons. Thats mind boggling.. but UBS will probably be wrong.. we'll probably need more..  These forecasts only seem to change to the upside.

With such a lack of supply coming through to meet this massively increasing demand, spodumene prices can only go sky high. How high is anyones guess, but i'm thinking above $1000 p/t  no worries at all over time IMO. Imagine a margin after costs of $1000! This is not pie in the sky stuff, this could well be a reality. No one is talking about these prices yet because every commentator on the lithium market is conservative with their forecasts and don't want to be wrong. Yet these commentators keep changing their forecasts to the upside.

If supply is short by 800 000 tons of LCE  in 2025, which is increasingly likely, where will spodumene and chemical prices be??