Lithium Stocks Are a Buy After Latest Selloff
https://www.morningstar.com/stocks/lithium-stocks-sell-off-broker-downgrade-based-price-outlook-below-marginal-cost-production
"We see no reason to change our fair value estimates for these companies; we view all three lithium producers as materially undervalued."
"We remain bullish on lithium over the long term. While spot prices have fallen in the second half of the year, we think prices will stabilize heading into 2024, likely at around $20,000 per metric ton."
"However, we forecast prices will rise in 2024 due to double-digit demand growth, the end of inventory destocking among battery producers, and new supply delays."
"We forecast lithium carbonate spot prices will average $30,000 per metric ton in 2024..."
Lithium Stocks Are a Buy After Latest...
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Last
$5.50 |
Change
0.400(7.84%) |
Mkt cap ! $946.4M | |||
| Open | High | Low | Value | Volume |
| $5.30 | $5.50 | $5.24 | $8.891M | 1.647M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | $5.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.50 | 121948 | 18 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
$5.48 |
Change
0.400 ( 7.82 %) |
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| Open | High | Low | Volume | ||
| $5.27 | $5.48 | $5.24 | 163192 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| VUL (ASX) Chart |