Lithium miners dive as UBS says prices to stay 'lower for longer'1:08pm on 28 June 2024The news: Lithium majors weighed on the ASX as UBS said it expects lithium prices to remain "lower for longer".
The context: UBS analyst Levi Spry warned that lithium markets remained "well-to-over supplied", with increased uncertainty on the long-term demand outlook outside of China, as well as continued opaqueness on near-term supply additions from China and Africa.
Lithium miners dive as UBS says prices to stay 'lower for...
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