BusinessPhoto: Mint MarketsCiti Lowers Lithium Price Forecasts Citing Weak Battery Demand
Citigroup has reduced its lithium price targets for the next two years due to concerns over slowing battery demand growth, trade uncertainties, and macroeconomic challenges. The bank forecasts lithium carbonate prices to drop to $12,000 per ton from $20,000 and spodumene to $1,200 from $2,000. Supply improvements expected in 2027 and demand uncertainty are causing consumers to delay purchases and keep inventories low.
Mint Markets·




