Lithium stocks rally after Ganfeng chairman predicts prices to rally
One of the world’s largest lithium suppliers has set the commodity market racing after predicting that the price of the battery material could double next year amid a boom in demand for energy storage.
The comments from Ganfeng Lithium chairman Li Liangbin at an industry event have turbocharged a rally in ASX-listed miners and wrong-footed short sellers, who were betting on the market to remain challenging. Li said demand could surge 30 per cent next year and lift prices as high as 200,000 yuan ($43,000) a tonne, according to local publication Cailian.
Loading…
