Macquarie: Lithium Prices May Double Over The Next 4 Years ...Middle East

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Macquarie: Lithium Prices May Double Over The Next 4 Years
source : OILPRICE ( Middle East ) () 30
Lithium shares are on a roll after investment bank Macquarie (ASX: MQG) joined peers in predicting a further increase in prices for the key battery metal driven by increasing demand from the electric vehicles (EVs) sector, which is expected to push the market into undersupply. Analysts at the bank are now forecasting prices to rise by between 30% and 100% over the next four years.   “Our bullish EV demand outlook sees the lithium market move to deficit in 2022 with material shortages emerging from 2025,” Macquarie said…

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