RE: Gold2 Mar 2024 09:25
Initially predicting a return to market deficit in 2024, analysts now suggest a longer timeline, with the lithium market potentially bottoming out in 2025. Thus, Goldman Sachs maintains a bearish view on the market, adjusting their 12-month targets downward for China Lithium Carbonate and CME Asia CIF Lithium Hydroxide.
Known for its accurate forecasts, Goldman Sachs estimates the following prices for 2024:
Lithium carbonate: $13,377 per tonne
Lithium hydroxide: $14,263 per tonne
Spodumene 6%: $1,250 per tonne