7 Top Lithium Stocks for the Second Half of 2022
Goldman Sachs just made lithium stocks even more attractive. Just days ago, the firm said that lithium prices could fall about 10% this year, and as much as 73% next year. But they’re wrong. For one, as noted by Bloomberg , “Benchmark disputes Goldman’s forecast that a flood of new production is on its way, and that prices will crater as a result.” Benchmark also says the lithium market will remain short until 2025. Moreover, Bloomberg also noted that “Matt Fernley, the London-based managing director at Battery Materials Review, an industry researcher, said the sell side reports are ‘massively over-estimating’ the ease of adding new supply, and failing to consider the complexity of bringing new assets into production and the qualification requirements.” Meanwhile, Time Magazine contributor Emily Barone added that “[w]hile the Earth has plenty of lithium to go around, the supply needs to be extracted from brine pools and underground reserves, and current mining operations aren’t sufficient to keep up with the auto industry’s growing needs.” So, if you believe lithium prices are coming down soon, I have a bridge to sell you.
7 Top Lithium Stocks for the Second Half of 2022
Goldman Sachs just made lithium stocks even more attractive. Just days ago, the firm said that lithium prices could fall about 10% this year, and as much as 73% next year. But they’re wrong. For one, as noted by Bloomberg , “Benchmark disputes Goldman’s forecast that a flood of new production is on its way, and that prices will crater as a result.” Benchmark also says the lithium market will remain short until 2025. Moreover, Bloomberg also noted that “Matt Fernley, the London-based managing director at Battery Materials Review, an industry researcher, said the sell side reports are ‘massively over-estimating’ the ease of adding new supply, and failing to consider the complexity of bringing new assets into production and the qualification requirements.” Meanwhile, Time Magazine contributor Emily Barone added that “[w]hile the Earth has plenty of lithium to go around, the supply needs to be extracted from brine pools and underground reserves, and current mining operations aren’t sufficient to keep up with the auto industry’s growing needs.” So, if you believe lithium prices are coming down soon, I have a bridge to sell you.