Unabashed Lithium Bull Tips Early 2025 Rebound -- Market Talk
0154 GMT - In a lithium market run by bears, Panmure Liberum analyst Tom Price says he's an undaunted bull. Right now, "investors are frustrated with the floundering EV-related lithium demand growth story" and lithium supply is likely to stay elevated because of the "extraordinarily robust balance sheets" miners gained from earlier record-high lithium prices, says Price. But, come 2025, "EV demand growth recovery outstrips available supply again, creating a price-driving deficit in our model," he says. Panmure Liberum forecasts the lithium carbonate price will bounce to $25,000 in early 2025, from an average around $15,000/ton in 2024. ([email protected]; @RhiannonHoyle)
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