Media, page-786

I don't see how this was bad news from Goldman Sachs for Blackstone. They stated by 2024 prices will begin to soar as Blackstone gets closer to mining.
FFS the Nickel price is still at 28k significant higher than Blackstone us banking on..

And nickel is likely to rise almost 20% over the rest of this year to $36,500 a tonne before “fundamental pressures” drive it lower again.
Benchmark Minerals Intelligence agrees, flagging that buyers in Europe and North America are employing a watch-and-wait strategy for spot market purchasing in response to recent bearish developments in China – subsequently limiting international market activity and softening spot prices marginally to between $65,000-75,000/tonne for both carbonate and hydroxide.
 

Prices could soar again after 2024

But Goldman Sachs did highlight that prices could soar again after 2024.
“This phase of oversupply will ultimately sow the seeds of the battery materials super cycle over the second half of this decade,” they said.
Then “the demand surge will more sustainably overcome current supply growth.”
S&P Global Market Intelligence expects lithium raw material supply is likely to improve especially from the September quarter onward, when the bulk of this year’s new additions is scheduled to reach the market.
The visible lithium supply pipeline could be sufficient to meet demand in 2023.
The lithium market is likely to return to a deficit from 2024, which is forecast to deepen over 2024-26, as demand growth once again outpaces that of supply.