2024 Lithium Outlook: Australia Edition
When can we expect lithium prices to rise?
The Investing News Network spoke with analysts and market insiders to get their tips and predictions for Australian investors.
| ✓ Trends | ✓ Forecasts | ✓ Top Stocks |
Table of Contents:
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A Sneak Peek At What The Insiders Are Saying about Lithium
"(Benchmark expects) to see more offtake agreements snapped up, even at projects that are still under construction as project developers try to derisk their projects and buyers try to secure supply. We expect to see accelerating efforts to produce and procure Inflation Reduction Act-compliant material."
— Adam Megginson, Benchmark Mineral Intelligence
"2023 saw the market shift into an oversupply; we now need to wait for demand to absorb that extra supply. We expect the market to remain in a surplus in 2024, although some supply restraint and ongoing good demand should ensure the surplus is manageable."
— William Adams, Fastmarkets
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