Citi Lowers Lithium Price Forecast Due to Weak Battery Demand and Macroeconomic Headwinds
Citi analysts have reduced their price targets for lithium over a two-year horizon, citing a significant slowdown in the growth of battery demand. The downward revision comes as the market faces increasing trade uncertainty and broader macroeconomic challenges that are weighing on the sector. The adjustment follows a period of intense volatility, with lithium prices having already experienced declines of up to 40%. This outlook suggests continued pressure on lithium producers as the transition to electric vehicles encounters more complex economic and geopolitical hurdles.
Tickers: $C
Topics: Battery Demand Lithium Macroeconomics Price Targets
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Part of the story Citigroup Lowers Lithium Price Forecasts Amid Weakening Demand (2 articles)