Oct. 22 at 2:08 AM
$ALTM $LAC $SQM $RIO $PILBF
Rio Tinto itself isn’t exactly bullish in the short term, The miner says the lithium market will be oversupplied until the end of the decade, which some analysts take to mean that carbonate prices will remain at or near a marginal cost of
$US11,000 per tonne"
By their estimate [arcadium], the market will remain in oversupply for the next three years, although there is a supply response as projects aren’t able to get funding. “The market is sending a very clear signal – we don’t need lithium in the near term,” says Schade.
“While many have suggested this deal is positive for the sector … I actually think the opposite,” Justin Lindquist, head of hedge fund clients at Barrenjoey Capital Partners says.
“Supply is coming on that the market didn’t expect, Rio is setting up a truly integrated business for decades to come and those higher producers that aren’t fully integrated are going to be collateral damage in the short term.”
https://www.afr.com/companies/mining/have-australian-fund-managers-got-their-lithium-call-wrong-20241016-p5kixq#:~:text=%E2%80%9CWhile%20many%20have,the%20short%20term.%E2%80%9D