Macquarie: Stay Bullish about Battery Metals Price

Published: Oct 11, 2017 10:00

Save

As rise of sales of electric cars, rise of amount of metals needed for power batteries will drive appreciation prospect of lithium, cobalt, nickel and manganese in the long term.

SHANGHAI, Oct. 11 (SMM)－Macquarie analyst said on Oct.9^th, as rise of sales of electric cars, rise of amount of metals needed for power batteries will drive appreciation prospect of lithium, cobalt, nickel and manganese in the long term. It is predicted that long-term price of metal lithium will rise from $7,000 per tonne to $9,000 per tonne, cobalt price will price from $16.5 per pound to $26 per pound and nickel price will rise from $13,000 per tonne to $17,500 per tonne.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Lithium cobalt nickel

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Magnesium Ingot Transactions Increased, Rigid Demand Support Became More Evident, and a One-Sided Market Trend Was Unlikely in the Short Term [SMM Spot Magnesium Ingot Flash Report]

[Magnesium Ingot Transactions Increased Significantly, Rigid Demand Support Became More Evident, and a One-Way Market Was Unlikely in the Short Term] Today, quotations in the main production areas for 99.90% magnesium ingot were 16,600-16,700 yuan / mt, and low-priced supply in the market increased.

2 hours ago

8 hours ago

High Costs Drove a Second TiO2 Price Increase Within the Month, While Diverging Domestic and External Demand Tested the Sustainability of the Price Rise [SMM Titanium Spot Flash Report]

[SMM Titanium Spot Update: High Costs Drive a Second Titanium Dioxide Price Increase Within the Month, While Diverging Domestic and External Demand Tests the Sustainability of the Hike] In mid-March, titanium dioxide enterprises in China collectively issued a second round of price increase notices within the month, raising domestic prices by 500 yuan/mt and export prices by $100/mt, mainly because elevated sulphuric acid prices forced cost pass-through. At present, enterprises are operating at full capacity, but mediocre domestic demand and foreign trade constrained by geopolitical factors have intensified market divergence. Expectations of tighter sulphuric acid supply still support confidence to hold prices firm, but the sustainability of the price increase remains to be verified by follow-up demand.

8 hours ago

Mar 16, 2026 17:07

LB Group Announces Second TiO₂ Price Hike in March Due to High Raw Material Costs

[SMM Titanium Express] LB Group issued a price adjustment notice. Effective March 16, prices for all Billions brand TiO₂ products will increase by RMB 500/ton for domestic market and USD 100/ton for overseas market. This marks the second price hike announcement this month, as high raw material costs continue to pressure industry profitability, driving the market upward.

Mar 16, 2026 17:07