Citi Expects Lithium To Bounce 20-25% Over The Next 2-3 Months On Supply Curtailment Led Physical Rebalancing And Short Covering
Portfolio Pulse from Benzinga Newsdesk
Citi forecasts a 20-25% increase in lithium prices over the next 2-3 months due to supply curtailment and short covering. This could impact companies involved in lithium production and related ETFs.
September 11, 2024 | 6:18 pm
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POSITIVE IMPACT
Albemarle Corporation, a major lithium producer, is likely to benefit from the expected 20-25% increase in lithium prices due to supply curtailment and short covering.
As a leading lithium producer, Albemarle is directly impacted by lithium price changes. The expected price increase should positively affect its revenues and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Lithium Americas Corp is poised to benefit from the anticipated 20-25% rise in lithium prices, driven by supply curtailment and short covering.
Lithium Americas, being involved in lithium production, will likely see a positive impact on its stock price due to the forecasted rise in lithium prices.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Sociedad Química y Minera de Chile, a key player in the lithium market, is expected to benefit from the 20-25% increase in lithium prices.
As a significant lithium producer, SQM's financial performance is closely tied to lithium prices. The anticipated price increase should boost its stock value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70