*Bring on the updated DFS as well please Nigel, next week suits me atm tbo
Canaccord lifts spodumene price forecast by 49% Canadian bank Canaccord Genuity has followed US counterpart JP Morgan in lifting its long-term lithium price forecasts, pointing to quicker than expected EV adoption and a projected supply shortage as the primary drivers.
Canaccord's most significant revision was for spodumene concentrate.
The bank upped its forecast price for the material by 49% for 2022 and by 45% for 2023, to US$1,175/tonne and $1,069 respectively.
The Mining Journal:
*To Remind,
JPMorgan’s metals and mining team have re-thought supply and demand for lithium and come to one conclusion: buy all the lithium miners.
“The lithium commodity complex is one of the few remaining in our coverage where there is meaningful upside likely over the medium term, given the strong demand backdrop,” the analysts told clients.
JPMorgan reckons there will be 19 per cent a year increase in demand for lithium over the coming 10 years, on a compound annual growth rate basis, based on demand for electric vehicles and batteries.
That means supply will struggle to keep up, and the analysts said they would see a deficit beyond 2030.
“This means unknown, and lower economic returning projects will be required to fill the supply-demand gap,” the analysts said.
*Not if the AVZ / DRC / Monster of Manono has anything to do with it imo
Our Day Will Come:
*Bring on the updated DFS as well please Nigel, next week suits...
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