Look for yourself: @GoldmanSachs misses on both #lithium supply & demand. Why does demand growth slow from ‘23? New supply is overestimated as amateurs tend to do. Scrap actually increases the shortage as it slows Li to market. Lepidolite will grow but has cost/quality problem.
Joe Lowry
13.9K posts
Global Lithium™ provides advisory services to the lithium-ion battery supply chain with clients on 5 continents. Host of The Global Lithium Podcast and author.
- The bottom hasn’t happened but a spot price rebound will likely happen before year end. Most volume is sold via contracts. The average contract price in 2023 will be higher than 2022. The #lithium story is just getting started.
- The press continues to get the #lithium supply & price story wrong. The ave price paid for lithium chemicals will be up vs last year. The @benchmarkmin spodumene chart trend as of this morning. Spod sets the cost curve. Listen to @jdevans4005 recent interview.
- Apparently @GoldmanSachs is vying for the honor of worst call on #lithium in this decade. This wrong headed article should & will be forgotten as a click bait headline. We are years away from oversupply.
- Don’t confuse them with the facts. @CreditSuisse & @GoldmanSachs “Leaders in the #LITHIUM misinformation age”
- Interesting times. The demise of high #lithium prices has been greatly exaggerated. @GoldmanSachs call for an average price of ~ $16K per MT in 2023 will look increasingly foolish as the months pass. The laws of supply & demand will dictate price.
- Finally a “Morgan” that gets the #lithium market situation. @jpmorgan seems to be listening to the @globallithium podcast.
- Watch the spodumene price. It sets the China converter cost curve. The current noise in China will pass. Spodumene has to go below $2,000/MT for @GoldmanSachs to have a chance of being correct with their Q2 carbonate number. A little late in the game for that.
- Despite the fact that the population of the US is 13X the population of Oz, I have the same amount of listeners in Oz as the US. Thank you Australia!













