Citi cuts lithium price outlook on weaker demand

What happened: Citigroup lowered its lithium price forecasts for the next two years, citing slowing battery demand growth, heightened trade uncertainty and broader macroeconomic headwinds. Key numbers: Citi cut its three-month lithium carbonate and hydroxide price targets to $12,000 a ton from $20,000 and $17,000. Why it matters: The cuts point to weaker demand growth and trade uncertainty weighing on the lithium outlook, with Citi reducing its targets for the next two years.

Citigroup lowered its lithium price forecasts for the next two years, citing slowing battery demand growth, heightened trade uncertainty and broader macroeconomic headwinds.

The cuts point to weaker demand growth and trade uncertainty weighing on the lithium outlook, with Citi reducing its targets for the next two years.