Normal
Good morningBeen reported today 22/03/23:Macquarie lowers its short-term lithium price forecasts but raises its long-term forecasts.They lower their CY23 regional lithium prices by 21-23 per cent and cut Chinese lithium prices by 24%-28 per cent to reflect weak spot prices.They also trim their CY23 spodumene price forecasts by 18 per cent due to mark-to-market.But they lift their long-term lithium and spodumene prices by 10-25 per cent, underpinned by escalating operating costs for existing lithium operations and rising capital costs for new entrants.“We remain constructive on the lithium market outlook despite near-term headwinds from lower lithium prices and slow EV sales," the broker says. MIN and PLS are its preferred Australian producers.Have a very nice day today.Kind regardsrcw1
Good morning
Been reported today 22/03/23:
Macquarie lowers its short-term lithium price forecasts but raises its long-term forecasts.They lower their CY23 regional lithium prices by 21-23 per cent and cut Chinese lithium prices by 24%-28 per cent to reflect weak spot prices.They also trim their CY23 spodumene price forecasts by 18 per cent due to mark-to-market.But they lift their long-term lithium and spodumene prices by 10-25 per cent, underpinned by escalating operating costs for existing lithium operations and rising capital costs for new entrants.
“We remain constructive on the lithium market outlook despite near-term headwinds from lower lithium prices and slow EV sales," the broker says. MIN and PLS are its preferred Australian producers.
Have a very nice day today.
Kind regards
rcw1
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