Goldman says the bear market for battery metal prices is far from over
Publishing timestamp: 2024-03-05 07:53:54
Summary
Goldman Sachs believes it is too early to predict the end of the battery raw materials price plunge, with forecasts of downside in cobalt, nickel, and lithium carbonate. Analysts warn of oversupply in the lithium, cobalt, and nickel markets, with prices expected to remain low due to significant supply pipelines and Western electric vehicle headwinds.
Sentiment: MIXED
Keywords: business news, energy, alternative and sustainable energy, copper markets, copper (mar'23), goldman sachs group inc,