OROCF - Lithium Supply/Demand Forecasts. Why Are The Analysts Ignoring The Facts?
They say history repeats itself, yet, somehow, this apparently doesn't hold true for lithium chemical supply. The choir singing the bearish anthem re supply estimates is growing, with Citi and Canaccord Genuity joining the ranks of Morgan Stanley in calling for massive oversupply until around 2024. These oversupply estimates reach as high as ~150K MT in 2023. Understandably, this would have serious repercussions for chemical prices, potentially pushing them as low as US$7,500/t. The market for lithium products is small but growing rapidly (20%+ p.a.), boom and bust cycles are inevitable. What history has shown