Lithium price 2023:Goldman Sachs /Credit Suisse misguided? The simplified bull case for lithium prices 2023
Days after the two investment banks put their thoughts to paper, ASX darling Pilbara Minerals set yet another record sale price for its spodumene at the Battery Material Exchange. Its cargo of 5,000dmt at a target grade of ~5.5% lithia’ was sold for US$7,805/dmt (SC5.5, FOB Port Hedland basis) which on a pro rata basis for lithia content and inclusive of freight costs equates to a price of ~US$8,575/dmt (SC6.0, CIF China basis).’
It appears the expected Chinese slowdown — a country where one in three new cars is now an EV — is yet to materialise. And with lithium mines requiring circa 10 years to begin producing, the lithium price could surge yet higher in 2023.
https://www.ig.com/au/news-and-trade-ideas/lithium-price-2023--are-goldman-sachs-and-credit-suisse-misguide-221123