Lithium Spodumene Prices Have Likely Bottomed -- Market Talk

Dow Jones10-29

2341 GMT - It's likely that lithium spodumene prices have bottomed and will remain stable at current levels until the end of this year, says Morgans. Existing supply appears able to meet demand in the short term. However, Morgans expects the balance to shift toward the end of the decade when demand outpaces the growth in supply. Also, higher lithium prices are necessary to encourage miners to go ahead with new projects. "So while prices may remain low in the near term, there is strong evidence for higher prices long term," analyst Adrian Prendergast says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 28, 2024 19:42 ET (23:42 GMT)

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Existing supply appears able to meet demand in the...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CXO.AU","symbol_name":"CORE LITHIUM LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2479746743","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479746743","pubTimestamp":1730158920,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2341 GMT - It's likely that lithium spodumene prices have bottomed and will remain stable at current levels until the end of this year, says Morgans. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CXO.AU":"CORE LITHIUM LTD","BK7504":"锂钴概念","BK4109":"特种化学制品","LTR.AU":"LIONTOWN RESOURCES LTD","BK7095":"多种金属与采矿","ALTM":"Arcadium Lithium","BK4144":"石油与天然气的储存和运输","BK7507":"资源股"},"translate_title":"锂辉石价格可能已触底——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALTM":0.9,"CXO.AU":0.9,"LTR.AU":0.9},"content_text":"2341 GMT - It's likely that lithium spodumene prices have bottomed and will remain stable at current levels until the end of this year, says Morgans. Existing supply appears able to meet demand in the short term. However, Morgans expects the balance to shift toward the end of the decade when demand outpaces the growth in supply. 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