Canaccord scales back lithium forecasts

THE lithium dream is not over, but according to Canaccord Genuity producers will have to wear more pain and weather lower prices for some time to come as the shift to electric vehicles takes longer than expected to rev up.

Canaccord scales back lithium forecasts Canaccord scales back lithium forecasts Canaccord scales back lithium forecasts Canaccord scales back lithium forecasts Canaccord scales back lithium forecasts

Lithium oversupplies should temper over time.

Canaccord Genuity analysts Reg Spencer and Larry Hill have lowered their expected price outlook of spodumene concentrate by around 17% to 2023 to an average of US$530 per tonne.

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