Lithium pricing a piece of string equation

HOW much lithium will sell-for remains a key question for corporates and investors alike, with capital markets firm Citi conscious of the price volatility as it this week retained its long term forecasts.

Lithium pricing a piece of string equation Lithium pricing a piece of string equation Lithium pricing a piece of string equation Lithium pricing a piece of string equation Lithium pricing a piece of string equation

For what it's worth, Citi is forecasting long term lithium prices of US$7500 per tonne for industrial grade carbonate, $9000/t for battery grade, and $9500/t for hydroxide - with spot pricing currently around the $9000/t mark.

However, such is the uncertainty about demand it's probably highly debatable just how much worth should be placed on such forecasts.

And that's conceded by Citi.

"The high growth rate for both supply and demand scenarios brings significant volatility in the lithium prices and as such we have a wide range of possible outcomes in our bull/bear price scenario," Citi said.

With a surplus building, lithium carbonate pricing is off 56% year-to-date, and hydroxide pricing down 24%.

For projects that aren't advanced the soft pric...

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