WFAFY - Lithium Miners News For The Month Of April 2024
2024-04-26 13:56:26 ET
Summary
- Lithium prices were generally flat the past month.
- Lithium market news - Fastmarkets - "We forecast a fairly balanced market in 2024." Wood Mackenzie forecasts a lithium surplus in 2024 and 2025 on rising China supply.
- Lithium company news - Codelco says SQM lithium deal set to give 85% of benefits to the State. Tianqi Lithium issues a profit warning for a net loss in Q1.
- BoA upgrades Albemarle to a Buy with a $156 price target on their view lithium prices bottomed in Q1. Sigma Lithium to double production to 520,000t/y.
- Sayona Mining operational review supports NAL ramp-up plan. Piedmont lithium receives mining permit approval for Carolina Lithium.
Welcome to the April 2024 edition of the lithium miner news.
The past month saw lithium prices flat and a very busy month of good news for the lithium producers. We also saw the start of the Beijing Auto Show 2024 that will boost excitement towards EVs.
Lithium price news
Asian Metal reported during the past 30 days, the China delivered lithium carbonate (99.5% min.) spot price was up 0.13% and the China lithium hydroxide (56.5% min.) price was up 0.23% . The Lithium Iron Phosphate (3.9% min) price was down 0.77% . The Spodumene (6% min) price was up 1.2% over the past 30 days....
Lithium Miners News For The Month Of April 2024