ASX lithium stocks PLS, Mineral Resources, and Liontown Resources rip after JPMorgan forecasts spodumene price surge
Australian lithium stocks rocketed on Thursday after JPMorgan published a bullish note on the sector, raising its forecast for spodumene prices over the next two years by as much as 50 per cent.
The head of JPMorgan’s basic materials research Lyndon Fagan upgraded the broker’s forecast for spodumene, the type of lithium that is mined in Australia, from $US800 a tonne to between $US1100 and $US1200 per tonne for 2026-2027.
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