Wednesday, September 30, 2020 7:47:31 PM
Our outlook for lithium is unchanged. We continue to forecast prices to recover in the second half of 2021 as demand growth returns. Our long-term lithium carbonate price forecast remains at $12,000 per metric ton based on LME prices. We maintain our $125, $13, and $57 per share fair value estimates for Albemarle, Livent, and SQM, respectively. Our narrow-moat ratings for all three producers remain intact.
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