JP Morgan supercharges ASX lithium stocks

JP Morgan has moved to an overweight rating for all five ASX lithium miners it covers after raising its spodumene price forecasts.

JP Morgan supercharges ASX lithium stocks JP Morgan supercharges ASX lithium stocks JP Morgan supercharges ASX lithium stocks JP Morgan supercharges ASX lithium stocks JP Morgan supercharges ASX lithium stocks

The firm lifted its long-term spodumene price from US$650 per tonne to $850/t, saying it was the price required to generate a 20% internal rate of return for a 10-year, 1% lithium oxide hard rock mine