Good News & Bad News, page-23246

My number one concern and watching closely.
UBS now says deficit, Joe Lowry sees record prices again toward second half of year, Rodney Hooper of RK Equity also see deficit. ALB ups demand for 2023 to 1.2mt of LCE (50% growth). Would be nice if the spot price found some support around the 450-460k yuan for carbonate.

Macquarie today [source],

Lithium prices moderate but still elevated

Macquarie says lithium prices remain "elevated in January despite a slowdown in upgrade momentum".
"We note that spot spodumene prices remained largely flat in January while LCE and LiOH prices declined by 8-10%," the analysts said in a note last Friday.
Lithium carbonate prices in China has fallen more than 20% from all-time highs of 600,000 yuan last November. Prices are now at their lowest level since June 2022 amid a strong domestic supply response and expectations of weakening EV demand.

Macquarie's preferred lithium picks

Macquarie remains bullish as ever on the lithium and rare earth space. The investment bank has 13 stocks under its coverage and only one stock isn't Outperform rated.
In the larger cap space, Macquarie said Mineral Resources (ASX: MIN) and Pilbara Minerals are its preferred producers.