Demand for lithium from China’s automotive business has fallen by lower than half in latest months, based on Goldman Sachs Group Inc (GS).
That implies a dramatic shift that may trigger costs for the battery metallic to fall, the financial institution says.
Goldman has been one of the vital pessimistic voices within the later phases of the massive lithium rally in 2022.
Its projections of rising provide generated criticism from a number of the business’s consultants.
However, now that costs have fallen greater than 30% from their peak final yr, the financial institution reiterated that the downturn has fairly a bit . . .
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