Office of the Cheif Exonomist forecast US$1800 by 2024
https://www.marketindex.com.au/news/lithium-spodumene-to-ease-to-ususd1-800-by-2024-office-of-the-chief
Goldman - US$1750 in 2023, $950 in 2024, $900 in 2025, $800 in the long run
https://www.********.au/2022/05/05/what-will-the-lithium-price-be-in-2025/
Barrenjoey - US$6500 2023, $4030 in 2024, $1100 long term.
https://thewest.com.au/business/mining/barrenjoey-upgrades-lithium-price-forecast-picks-minres-igo-as-preferred-c-8205736#:~:text=Barrenjoey%20upgraded%20its%20price%20forecast,%24US4030%2Ft%20in%202024.
Though Barrenjoey is more on the bullish side, their long term forecast is not far from Goldman's. Which way the markets will turn, who knows. When the energy prices ease, is the world going to continue to need so much Li? How many new players will be in the market in 2 years time? I have no idea TBH so just a wait and watch.
PLS chart, page-8702
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$3.06 |
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Mkt cap ! $9.210B | |||
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