Normal
Shares in lithium miners in Australia and the US have fallen steeply.Pilbara Minerals -17.46 per cent to $2.4Sayona Mining -11.36 per cent to 19.5¢Liontown Resources -20.5% to $1.125Core Lithium -17.2% to $1.15The falls come after US investment bank Goldman Sachs warned of a “sharp correction” in the price of lithium, with the metal averaging under $US54,000 a ton this year, down from a spot price of over $US60,000. It will fall further to an average of just over $US16,000 in 2023, the Wall Street bank said.Goldman Sachs said the price of three key battery metals – cobalt, lithium and nickel – will drop over the next two years after investors wanting exposure to the green-energy transition piled in too quickly....
Shares in lithium miners in Australia and the US have fallen steeply.
The falls come after US investment bank Goldman Sachs warned of a “sharp correction” in the price of lithium, with the metal averaging under $US54,000 a ton this year, down from a spot price of over $US60,000. It will fall further to an average of just over $US16,000 in 2023, the Wall Street bank said.
Goldman Sachs said the price of three key battery metals – cobalt, lithium and nickel – will drop over the next two years after investors wanting exposure to the green-energy transition piled in too quickly....
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
