RE: Price19 Aug 2021 00:50
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Lithium stocks. Macquarie has upgraded its lithium price outlook, which now reflects further tightening of the market fundamentals, as well as the emergence of a spot market for spodumene and a forward market for lithium carbonate.
"Electric vehicle sales and underlying lithium demand remains strong and given the lack of supply response we continue to see the lithium market in deficit," a Macquarie broker said.
"The emerging spot market has provided a key positive catalyst for lithium prices, which were already rising due to the positive market fundamentals.
“We now expect spot lithium prices to approach previous peaks in the next six months and upgrade our price outlook in the short and medium term.”