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2026-11-02 09:42:27
[Citi: Destocking Suppresses Short-Term Lithium Prices, Lowers Price Targets for Lithium Carbonate, etc.] (1) Citi expects lithium prices to remain weak in the short term due to destocking in the supply chain. Since the beginning of September, lithium prices have fallen by as much as 40%, and the key question facing the market is whether this round of price adjustment has ended. (2) Citi stated that recent channel survey results are not optimistic; consumers may postpone purchases and maintain low inventory levels, which means that lithium prices face greater downside risks before supply is reduced or downstream inventories are depleted. (3) Citi lowered its price target for lithium carbonate for the next 0 to 3 months from US$20,000 per ton to US$12,000, the price target for lithium hydroxide from US$17,000 per ton to US$12,000, and the price target for spodumene concentrate from US$2,000 per ton to US$1,200.
