70% drop estimate is smaller than what I thought GS would publicly say. Note they are rarely correct - it reflects their stance on lithium as an invest more than anything, so even though we are all predicting prices to fall in the next few years it's unlikely follow GS's prediction.
Lithium prices in the last 12 months rose by like 650%. A 70% drop now is still a healthy 187.5% rise from 12 months ago. If that's the bottom that GS is predicting, I'll be laughing all the way to the bank...
Lithium prices, longer term, page-6
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