Citigroup Lowers Lithium Price Forecasts Amid Weakening Demand
Citigroup has revised its lithium price outlook downward for the next two years, citing a combination of slowing battery demand growth and broader macroeconomic headwinds. The bank also noted that heightened trade uncertainty is contributing to the bearish sentiment in the sector. Specifically, Citi significantly reduced its three-month targets for lithium carbonate from $20,000 per ton to $12,000 per ton. It also lowered its hydroxide price target from $17,000 per ton to $12,000 per ton, reflecting a more cautious stance on the near-term profitability of lithium producers.
Tickers: $C
Topics: Battery Demand Commodity Forecasts Lithium Prices
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Part of the story Citigroup Lowers Lithium Price Forecasts Amid Weakening Demand (2 articles)