Lithium Market Tipped to Be Lower for Longer -- Market Talk

Dow Jones
Jun 20

0125 GMT - Citi expects lithium prices will continue to drift lower until there are more material supply cuts from producers. The bank downgrades its lithium-price forecasts for the next three years by 15%-20%. That is the biggest revision made by Citi as the bank revisits its commodity price projections. Citi downgrades its spodumene forecast for the next three months to $600/metric ton from $700/ton previously. "We see prolonged lower-for-longer prices as needed to rebalance the market," the bank says. As a result, it downgrades Australian producers IGO and Pilbara Minerals to neutral from buy, and Liontown Resources to sell from neutral. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

June 19, 2025 21:25 ET (01:25 GMT)

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