Sep. 17 at 6:48 PM
Citi: Lithium prices could bounce by +20% to +25% in the next 2-3 months due to supply curtailments, physical rebalancing, & short covering. Citi closed its lithium short recommendations a month ago, realizing 30-35% profits on Aug 2024 & Dec 2024 trades.
"We are likely to see investors cover their short positions and prices rally to
$13,000-
$14,000 per tonne on COMEX,"
The Chinese lithium market is heading into what should be a busier season for demand from EVs and electronics, and some analysts were already expecting a bounce in prices anyway.
S&P Global: Prices could see a temporary respite from a culmination of mine-side cuts, and a seasonal demand spike. However, a sustained market surplus through to 2027 will weigh on the lithium price upside.”
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