AFR 06 MAR 2024:
”Goldman is now predicting that lithium markets will be in a 150,000 tonne surplus this year and 336,000 tonne surplus in 2025, meaning further supply cuts will be needed to reduce both projections.The broker cut its forecast for China lithium carbonate prices by 17 per cent and now expects them to average $US11,100 tonnes this year, down from $US13,376 a tonne. Goldman’s 12-month target is now $US10,000 a tonne, from $US11,000 a tonne previously.”
IMO DYOR
