I hate to burst your bubble but the next 3 year projection is not so glamorous!!
Lithium carbonate – China: 2024: US$12,847 per tonne 2025: US$11,000 per tonne 2026: US$13,323 per tonne 2027: US$15,646 per tonne Long-term: US$15,500 per tonne Lithium hydroxide – China: 2024: US$13,795 per tonne 2025: US$12,500 per tonne 2026: US$14,323 per tonne 2027: US$16,146 per tonne Long-term: US$15,500 per tonne Spodumene 6%: 2024: US$1,175 per tonne 2025: US$800 per tonne 2026: US$978 per tonne 2027: US$1,155 per tonne Long-term: US$1,150 per tonne
Based on the above, it is apparent that Goldman Sachs isn't expecting prices to rebound meaningfully from current levels. So, if you're buying ASX lithium stocks on the assumption that they will surge soon, it might be worth taking this into consideration. And while actual prices could ultimately vary significantly from Goldman's estimates, its analysts have been spot on with their estimates over the last 18 months. So, they certainly know what they're talking about.
