Goldman Sachs' gloomy report on lithium batteries?
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Posted On: 05/31/2022 2:13:24 PM
Goldman Sachs' gloomy report on lithium batteries?
Didn't realize the market has been flooded with lithium batteries over recent years.
https://news.metal.com/newscontent/101846616/...-next-year
Late to another party? Hope the company does not leave this space empty-handed.
Timing is everything.
Lower Prices = Lower Margins
Too Much Supply = Less Demand
imho
cheers
Didn't realize the market has been flooded with lithium batteries over recent years.
https://news.metal.com/newscontent/101846616/...-next-year
Quote:
"SHANGHAI, May 30 (SMM) - Goldman Sachs Group said that the prices of the three main battery metals cobalt, lithium and nickel are expected to fall in the next two years, and investors who want to hold exposure related to the green energy transition may have increased their holdings too quickly."
Quote:
The U.S. bank's analysts expect a sharp correction in prices, with lithium falling from $53,982 a metric ton in 2022 to $16,372 a ton in 2023
Late to another party? Hope the company does not leave this space empty-handed.
Timing is everything.
Lower Prices = Lower Margins
Too Much Supply = Less Demand
imho
cheers
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