RBC Capital Markets lowers price outlook for lithium ore

Sigma Lithium

10/09/2024 18:25

** Brokerage RBC Capital Markets slashes 2024 lithium ore
price forecast by 24% to $947 per metric ton
    ** RBC also lowers 2025 price forecast for spodumene, a
mineral mined for its lithium content, by 31% to $1,075/ton, and
2026 outlook by 25% to $1,200/ton
    ** Brokerage cuts 2027 outlook by 27% to $1,200/ton
    ** "Lower forecasts reflect market realities of demand
headwinds and persistent supply surpluses" - brokerage
    ** Brokerage cuts PT on Arcadium Lithium  ALTM.N  to $3.10
from $3.60, company's shares flat at $2.26
    ** U.S.-listed shares of lithium miners Sigma Lithium
 SGML.O , Albemarle  ALB.N  and Piedmont Lithium  PLL.O  down
between 0.9% and 2%

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com))