What’s ahead for lithium prices?Speaking about prices, Moores said carbonate prices have come off a little bit in the last two months, while hydroxide prices have remained very strong.
“Prices haven’t crashed like people expected, and we forecast lithium to really go into a holding pattern for the majority of the rest of the year,” Moores said, adding that Benchmark, which recently launched its
new price forecasts for battery metals, doesn’t expect any kind of huge upturn or downturn for prices.
“We think prices are high, they’re sustained and they’re backed by a real demand story,”
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The electric buses and trucks space is also growing, with batteries getting bigger. For instance, Moores mentioned Los Angeles-based company Thor Trucks, which is expecting to launch a 900-kilowatt-hour model soon.
“That’s absolutely massive. That’s nearly double of what was expected to go in a truck [battery],” Moores commented. According to the expert, all these factors are building up the medium- and long-term lithium demand story.
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