Lithium Price Decline: Lithium prices in China dropped by 9% to 91,020 yuan/metric ton after the Guangzhou Futures Exchange intervened to curb speculative trading and amid news of potential production resumption by CATL at its lithium mine.
CATL Production Plans: Battery manufacturer CATL is expected to restart production at its Jianxiawo lithium mine next month, which has been inactive since August due to a mining license expiration, contributing to about 3% of global lithium output for 2025.
Market Reactions: Major lithium companies, including Albemarle and SQM, saw declines in their stock prices, reflecting the impact of the falling lithium prices and market adjustments.
Future Demand Predictions: The chairman of Ganfeng Lithium anticipates a 30% increase in lithium demand by 2026, potentially driving prices up to 200,000 yuan/ton.
Wall Street analysts forecast LIT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LIT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast LIT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LIT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 72.530
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Current: 72.530
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
