Report: Morgan Stanley cuts lithium carbonate price outlook

Published: Feb 27, 2018 14:37

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The price of lithium carbonate is set to drop to $7,700/mt by 2021 from a peak of over $14,000/mt this year due to excess supply, according to Morgan Stanley on Monday February 26.

SHANGHAI, Feb 27 (SMM) – The price of lithium carbonate is set to drop to $7,700/mt by 2021 from a peak of over $14,000/mt this year due to excess supply, according to Morgan Stanley on Monday February 26.

The investment bank also downgraded the stock rating for Sociedad Química y Minera de Chile (SQM), which saw its shares drop over 10% at one point on Monday, marking the biggest intraday slump since June 2015.

In China, SMM expects lithium carbonate prices to average 140,000 yuan/mt ex-works this year due to increasing inventories.

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