"ASX-listed lithium firms fell on Thursday after investment bank JP Morgan slashed its price forecasts for lithium-rich spodumene by about 10 per cent to $3796 a tonne by the end of 2023. Prices will dive 40 per cent from $3700 to $1900 by the end of 2024, the analysts concluded, citing oversupply.
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The US investment bank analysts led by Lyndon Fagan expects the commodity will fetch just $US1551 a tonne by 2027."
Above from the Financial Review.
So now we have MS, GS, JPMORGAN, UBS all on the same page. I don't believe we can ignore their opinions. Was anyone right with what we are suffering now? ie, R.Hooper, H. Klein, JL.....the experts all poo pooed the banks analysis and here we are. So.....no one has a clue!! Of course MS is shorting PLS....why wouldn't they? They are stating the SP is too high on their analysis. There it is. Even R.Hooper and Howard were gloomy.
Very worrying. For the younger set with means, and I include MasterStrategist in that description,getting bargains will be the order of the day but for me can't happen.
Rant over.
Cheers
Moowee
Good News & Bad News, page-34207
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Last
$2.89 |
Change
-0.100(3.34%) |
Mkt cap ! $8.699B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.97 | $2.89 | $45.17M | 15.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 335341 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 154500 | 2 |
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| PLS (ASX) Chart |