Summary
- Due mostly to the rapid adoption of EVs, lithium is seeing incredible growth in demand, which should reach 1.637 million tonnes in 2025.
- Fears of oversupply have been overblown, and demand will once again outweigh supply by the end of the year, which should be sustained throughout the foreseeable future.
- Fears of lithium carbonate becoming obsolete because of lithium hydroxide are overblown, and the metal will be able to see sustained demand due to factors such as cost and accessibility.
- I anticipate a turn of lithium’s price in the second half of this year with both carbonate and hydroxide prices reaching $12,000 per tonne by the end of the year.
- In 2025, I expect lithium carbonate to reach a price of $13,000 per tonne while hydroxide should be priced at around $16,500 per tonne.
https://www.google.com/amp/s/seekingalpha.com/amp/article/4315728-lithium-is-set-to-soar-2025-price-forecast
SummaryDue mostly to the rapid adoption of EVs, lithium is...
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