Lates News

Citigroup analysts have raised their short-term forecast for lithium prices in a report, while also believing that the recent increase and supply shortage are only "temporary." "We recommend establishing short positions as lithium carbonate prices continue to rise in the coming months," analyst Shreyas Madabushi wrote in the report. The bank expects the current supply shortage situation to not last more than 3-6 months "as lithium remains a key raw material for the strategically important battery industry." Citigroup has raised its 0-3 month target price for lithium carbonate from $1,000 per ton to $1,000. The bank expects the market to remain in oversupply for at least the next two years and may put pressure on prices again in 2026.