Analysts at Goldman Sachs believe it's too early to expect a market rebound for lithium. They anticipate a surplus of the metal, with projections showing an excess of 29K tonnes LCE (lithium carbonate equivalent) in 2023 that could swell to 202K tonnes LCE by 2024. This upcoming surplus is attributed to increased production that is not being matched by the growth rates in the electric vehicle (EV) sector.
In Australia, non-integrated refineries are facing high costs for lepidolite and spodumene inputs averaging between $19,000-$27,000 per tonne. These costs could lead to significant losses as the industry grapples with a predicted surplus. Core Lithium (OTC:CXOXF) is feeling the financial pressure on its BP33 mine, although its share value has been only mildly impacted due to merger and acquisition speculation.
Lithium Related Media Articles, page-19229
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