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High lithium prices here to stay, Citi says in hiking forecast to $60K/ton (NYSE:ALB)
Citi forecasting what many in the energy industry suspected.
The demand for lithium ion will remain stout and prices could reach demand destruction levels.
Besides impacting Electric Vehicles, the forecast will impact the projected ROI on future storage projects.
High lithium prices here to stay, Citi says in hiking forecast to $60K/ton (NYSE:ALB)
Citigroup analysts raised their forecast for lithium prices to $60K/metric ton for battery-grade carbonate, on the back of higher electric vehicle production and sales expectations...
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