If you squint at this chart, you can see the price of #lithium has pulled back from its recent peak. Last week, both S&P Global and Goldman Sachs came out with bearish lithium price forecasts. Goldman says immediately, S&P says sometime next year. Goldman made the same call in June, and was embarrassingly wrong.
@RealSeanBrodrick Would this be on predictions of a downturn in demand due to the cooling off of the world economy due to the war in Ukraine? Less demand for batteries creating less demand for Li? Or did someone put a new mine into production to expand supply and drive price down that way?
@DocLT2 Both S&P Global and Goldman Sachs say that lithium prices will go down because of new mines/production coming online. In other words, a flood of supply. Goldman often talks its book. There is new mine supply coming online next year, but they keep cranking up production at battery factories, so we'll see. I remain bullish on #lithium for at least the next 2 to 3 years.