Lithium prices to fall 45% by 2021, Morgan Stanley says
The Financial Times reports that growth in electric cars will be “insufficient” to offset rising supply of lithium from Chile, according to analysts at Morgan Stanley, who forecast prices dropping by 45% by 2021.
New lithium projects and planned expansions by the largest producers in Chile “threaten to add” around 500,000 tonnes per year to global supply by 2025, the bank said.
“We expect these supply additions to swamp forecast demand growth,” Morgan Stanley said.
A US$5 billion Peruvian project named Quellaveco looms as the next opportunity for big mine...