Every forecast from almost every analyst has been spectacularly wrong (both bulls and bears).
I don't think I've ever seen anyone reliably and consistently forecast lithium prices.
As for GS - here is their 2024 forecast which was reported in Jun 2023. They said the floor would be $1,800/t (so they've ended up wrong by a significant amount (to the downside).
"Goldman Sachs says the lithium market is expected to move into a ‘high surplus phase’ over 2024-25 on new supply entering the market and expect spodumene prices to fall as low as US$1,800 a tonne (from spot US$4,000) next year."
LRS General Discussion, page-16436
Add LRS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
23.5¢ |
Change
-0.010(4.08%) |
Mkt cap ! $657.8M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 23.0¢ | $985.8K | 4.169M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 920445 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 84781 | 4 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
23.0¢ |
Change
-0.010 ( 5.70 %) |
||||
| Open | High | Low | Volume | ||
| 24.0¢ | 24.5¢ | 23.0¢ | 1414587 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| LRS (ASX) Chart |