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Good morning,
rcw1 holding AKE at the moment.

Kind regards
rcw1

Published New Corp today (30/08/22):

UBS reiterates its overweight recommendation for lithium miners as it boosts its lithium price forecasts after an in-depth bottom-up analysis of lithium supply.

After reviewing over 100 projects representing about 80 per cent of supply by 2025, the Swiss investment bank boosts its long term lithium prices by 10 to 38 per cent and also lifts its short-term prices by 20 to 70 per cent for 2023-26.

"We have revised spodumene prices up from US$800 to US$1,100 a tonnet, battery grade lithium carbonate up from US$13,000 to US$15,000 tonne and battery grade hydroxide prices up from US$14,500 to US$16,000 a tonne," say UBS analysts including Levi Spry.

They expect lithium demand to grow 8 times by 2030 and see supplies "struggling to keep up", with new supply seen as is higher cost and more technically demanding.

"We see supply growth coming from both brownfield expansions and new greenfield
projects but at higher cost and risk, underpinning our higher long term prices," the analysts say.

They retain a preference for producers over developers for their lower risk profile and leverage to current very high prices.

They prefer the miners that are currently producing – AKE, IGO, MIN, ALB, Ganfeng – versus the developers which are not exposed to current prices.

<blockquote data-quote="rcw1" data-source="post: 1190526" data-attributes="member: 86427">Good morning,rcw1 holding AKE at the moment.Kind regardsrcw1Published New Corp today (30/08/22):UBS reiterates its overweight recommendation for lithium miners as it boosts its lithium price forecasts after an in-depth bottom-up analysis of lithium supply.After reviewing over 100 projects representing about 80 per cent of supply by 2025, the Swiss investment bank boosts its long term lithium prices by 10 to 38 per cent and also lifts its short-term prices by 20 to 70 per cent for 2023-26.&quot;We have revised spodumene prices up from US$800 to US$1,100 a tonnet, battery grade lithium carbonate up from US$13,000 to US$15,000 tonne and battery grade hydroxide prices up from US$14,500 to US$16,000 a tonne,&quot; say UBS analysts including Levi Spry.They expect lithium demand to grow 8 times by 2030 and see supplies &quot;struggling to keep up&quot;, with new supply seen as is higher cost and more technically demanding.&quot;We see supply growth coming from both brownfield expansions and new greenfieldprojects but at higher cost and risk, underpinning our higher long term prices,&quot; the analysts say.They retain a preference for producers over developers for their lower risk profile and leverage to current very high prices.They prefer the miners that are currently producing – AKE, IGO, MIN, ALB, Ganfeng – versus the developers which are not exposed to current prices.</blockquote>

[QUOTE="rcw1, post: 1190526, member: 86427"] Good morning, rcw1 holding AKE at the moment. Kind regards rcw1 Published New Corp today (30/08/22): UBS reiterates its overweight recommendation for lithium miners as it boosts its lithium price forecasts after an in-depth bottom-up analysis of lithium supply. After reviewing over 100 projects representing about 80 per cent of supply by 2025, the Swiss investment bank boosts its long term lithium prices by 10 to 38 per cent and also lifts its short-term prices by 20 to 70 per cent for 2023-26. "We have revised spodumene prices up from US$800 to US$1,100 a tonnet, battery grade lithium carbonate up from US$13,000 to US$15,000 tonne and battery grade hydroxide prices up from US$14,500 to US$16,000 a tonne," say UBS analysts including Levi Spry. They expect lithium demand to grow 8 times by 2030 and see supplies "struggling to keep up", with new supply seen as is higher cost and more technically demanding. "We see supply growth coming from both brownfield expansions and new greenfield projects but at higher cost and risk, underpinning our higher long term prices," the analysts say. They retain a preference for producers over developers for their lower risk profile and leverage to current very high prices. They prefer the miners that are currently producing – AKE, IGO, MIN, ALB, Ganfeng – versus the developers which are not exposed to current prices. [/QUOTE]

Verification