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UBS cuts lithium prices forecast on weak EV demand

Tue, 27 Aug 2024 08:36:36 -0400

Investing.com -- UBS in a note dated Monday has revised its lithium price outlook due to weaker-than-expected EV demand. The brokerage’s analysis of auto production, EV sales, and battery demand has led to a lower forecast for lithium demand through 2030. This has implications for lithium producers and related equities, resulting in lower price targets for several companies.

Analysts at UBS attribute the lowered demand forecast primarily to a slowdown in global EV sales growth, particularly in major markets such as China, the European Union, and the United States.

The decline in automotive battery demand is further compounded by

UBS cuts lithium prices forecast on weak EV demand

Tue, 27 Aug 2024 08:36:36 -0400

Analysts at UBS attribute the lowered demand forecast primarily to a slowdown in global EV sales growth, particularly in major markets such as China, the European Union, and the United States.

The decline in automotive battery demand is further compounded by

Australian lithium stocks rise on reports of Chinese mine closure

Mon, 19 Feb 2024 05:28:05 -0400

Investing.com-- Shares of major Australian lithium miners rose on Monday amid unconfirmed reports that Chinese battery maker CATL had closed a major lithium mine in the mainland, pointing to potentially tighter supplies.

Pilbara Minerals Ltd (ASX:PLS), Piedmont Lithium Ltd (ASX:PLL), Liontown Resources Ltd (ASX:LTR), Arcadium Lithium PLC DRC (ASX:LTM) and Mineral Resources Ltd (ASX:MIN) added between 0.8% and 5%, extending gains after a positive session on Friday.

Australian investment bank Barrenjoey said in an unconfirmed report that Contemporary Amperex Technology Co Ltd (SZ:300750), or CATL, had shut its Jianxiawo lithium

Australian lithium stocks rise on reports of Chinese mine closure

Mon, 19 Feb 2024 05:28:05 -0400

Australian investment bank Barrenjoey said in an unconfirmed report that Contemporary Amperex Technology Co Ltd (SZ:300750), or CATL, had shut its Jianxiawo lithium

Australian lithium stocks rise on reports of Chinese mine closure

Mon, 19 Feb 2024 05:28:05 -0400

Australian investment bank Barrenjoey said in an unconfirmed report that Contemporary Amperex Technology Co Ltd (SZ:300750), or CATL, had shut its Jianxiawo lithium

Australian lithium stocks rise on reports of Chinese mine closure

Mon, 19 Feb 2024 05:28:05 -0400

Australian investment bank Barrenjoey said in an unconfirmed report that Contemporary Amperex Technology Co Ltd (SZ:300750), or CATL, had shut its Jianxiawo lithium

Australian lithium stocks rise on reports of Chinese mine closure

Mon, 19 Feb 2024 05:28:05 -0400

Australian investment bank Barrenjoey said in an unconfirmed report that Contemporary Amperex Technology Co Ltd (SZ:300750), or CATL, had shut its Jianxiawo lithium

The Oregon Group Predicts Lithium Demand set for 20 years of Rapid Growth

Wed, 17 Jan 2024 09:30:00 -0400

TORONTO, Jan. 17, 2024 /PRNewswire/ - The supply of lithium, essential for electric vehicles, is expected to face twenty years of rapid growth, according to a new report. The Oregon Group forecasts lithium's dominant demand segment — electric batteries and vehicles (EVs) — is also it's fastest growing, a dynamic rarely encountered even in bull markets.