from the AFR story:A bearish forecast for lithium prices by commodities’ agency Wood Mackenzie was the catalyst for Liontown’s lending syndicate to withdraw its October offer for a $760 million loan.
Mr Ottaviano said Wood Mackenzie had predicted spodumene prices would remain about $US950 a tonne until 2029.
“That is a very, very low price,” he said. “We cannot believe how a forecast like that can support the supply that they are predicting will come on. It doesn’t make sense.
“Our view is the pricing signals they are forecasting, by definition, would mean that some of that supply just will not come on.”
Wood Mackenzie declined to share its price assumptions when approached by The Australian Financial Review.
Jarden analysts expect spodumene prices to average between $US1489 and $US1879 a tonne between now and 2030.
- Forums
- ASX - By Stock
- LTR
- Lithium Related Media Articles
Lithium Related Media Articles, page-20266
- There are more pages in this discussion • 2,861 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LTR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.04 |
Change
-0.045(4.15%) |
Mkt cap ! $2.521B |
Open | High | Low | Value | Volume |
$1.07 | $1.08 | $1.04 | $10.81M | 10.31M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 339507 | $1.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.05 | 120794 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 279977 | 1.040 |
22 | 200101 | 1.035 |
32 | 315323 | 1.030 |
11 | 233635 | 1.025 |
19 | 199871 | 1.020 |
Price($) | Vol. | No. |
---|---|---|
1.050 | 34666 | 2 |
1.055 | 165482 | 1 |
1.070 | 95822 | 11 |
1.075 | 9000 | 1 |
1.080 | 4347 | 2 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
$1.05 |
  |
Change
-0.045 ( 4.12 %) |
|||
Open | High | Low | Volume | ||
$1.06 | $1.08 | $1.04 | 2904342 | ||
Last updated 16.00pm 14/06/2024 ? |
Featured News
LTR (ASX) Chart |