Lithium mining stocks plunge after Goldman sees “sharp correction”
Billions wiped off sector after Goldman says bull market “over for now" but Chinese lithium prices have begun to tick upwards again.
Billions wiped off sector after Goldman says bull market “over for now" but Chinese lithium prices have begun to tick upwards again.
Goldman expects “sharp correction” for lithium price.
The French miner also eyes expansions into Chile and Bolivia as it shift towards metals needed for EVs and the green energy transition.
“That fundamental mispricing has in turn generated an outsized supply response well ahead of the demand trend.”
The company published a positive pre‐feasibility study for the project this week, confirming the NAL operation’s technical and financial viability over a 27-year mine life.
Juan Carlos Barrera joins the company after spending 2 years with Exxon Mobil and 28 years with Sociedad Química y Minera (SQM).
The project, known as Grota do Cirilo, is expected to produce 531,000 metric tonnes of lithium per year from two deposits.
Demand has outstripped supply, pushing prices up almost 500% in a year.
Nano One Materials to buy Johnson Matthey Battery Materials Canada for lithium-iron-phosphate cathode facility.
The MIIF plans to invest up to $60 million this year in companies in Ghana and further afield.