Lithium pioneer Michael Fotios sees carbonate prices reaching $US50,000t by Christmas
The market has ‘overreacted’ to lithium’s recent woes, says industry pioneer Michael Fotios, who tips carbonate prices to (almost) triple by Christmas.
*May 3, 2024 - 8:29AM
Perth mining entrepreneur Michael Fotios expects lithium prices to take off again. Picture: Getty ImagesDespite bearish forecasts from major investment banks, lithium industry pioneer and Scorpion Minerals boss Michael Fotios believes a (near) tripling in carbonate prices could be on the cards by the end of the year.
As lepidolite mining in China stalls and growth in electric vehicle production surges, Fotios – a second-generation geologist and founding father of Galaxy Resources – says carbonate prices could lift from their current base of $US18,000/t to $US50,000/t.
Is Core Lithium still overvalued?, page-67
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