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Citi cuts 3-month lithium price forecasts amid slower battery demand and economic pressures

Market News
02 Nov 2026, 14:11 WIB
Tokenpost
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Bearish
Citi cuts 3-month lithium price forecasts amid slower battery demand and economic pressures

Citi has lowered its three-month price forecasts for lithium carbonate and lithium hydroxide to $12,000 per ton each, down from previous estimates of $20,000 and $17,000 respectively. The revision reflects slower growth in battery demand and increasing trade and economic uncertainties. Citi also reduced its lithium price outlook for the next two years due to these factors. In contrast, Mizuho projects lithium carbonate prices to rise to $22,500 per ton by the end of 2027, highlighting differing views over longer time horizons.

The story on Citi's revised lithium price forecasts provides context for readers following cryptocurrency market trends. For readers following cryptocurrencies, here is Pluang's market snapshot as of Nov 02, 2026 18:41 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell. Notable movers include EGLD at Rp60.369 with a 3.99% decline and 95% sell order activity, GRT at Rp356 with a 3.97% decline and 55% buy order activity, and THETA at Rp2.790 with a 3.89% decline and 61% sell order activity.

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