Spodumene jumps above $US2000 as Bell Potter upgrades PLS, lithium stocks
Lithium popped above $US2000 a tonne for the first time in more than two years this week, as the explosive rally in the battery metal extends into the new year, amid soaring demand from electric vehicles and energy storage systems.
Bell Potter is the latest broker to upgrade its outlook for lithium prices. Its analysts upped their share price targets for eight-listed mining companies on the ASX and recommended investors start buying PLS, once the most-targeted stock by short sellers on the local bourse.
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