In this context, Goldman sees prices on a downward trajectory over the course of the next two years, with a sharp correction in lithium from today’s levels to an average of just under $55,000 this year. For 2023, the forecast is for an average price of just $16,372.
The widely quoted report prompted a sell-off in lithium stocks, with heavy losses across the board.
In North America, Livent was the worst performer – down 14% on the day followed by Piedmont Lithium, which lost 13.4%.
Heavyweights Albemarle and SQM gave up 7.8% and 5.1% respectively, but Ganfeng managed to contain the downside to 3.9% in Hong Kong.
In Australia, the damage was generally greater – led by Liontown Resources and Pilbara Minerals, both down around 20%. Allkem, Core Lithium, Lake Resources, Firefinch and Ioneer all declined by double digit percentage points.
Prices tick upwards
After a pullback from record highs in April, lithium prices…
