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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