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Citi Cuts Lithium Forecasts on Worsening Battery Demand Outlook

Bloomberg Markets Monday 02 November 2026, 04:03 UTC By Annie Lee 1 min read
Key Points

Hyperdrive Citi Cuts Lithium Forecasts on Worsening Battery Demand Outlook Citigroup Inc. cut its price targets for lithium for the next two years, citing concerns over a slowdown in battery demand growth, rising trade uncertainty and broader macroeconomic headwinds. Fears of demand deterioration for the metal next year have triggered a “lithium reset,” it said in a note by analysts including Shreyas Madabushi, warning that prices will remain depressed in the near term.

Hyperdrive Citi Cuts Lithium Forecasts on Worsening Battery Demand Outlook Citigroup Inc. cut its price targets for lithium for the next two years, citing concerns over a slowdown in battery demand growth, rising trade uncertainty and broader macroeconomic headwinds. Fears of demand deterioration for the metal next year have triggered a “lithium reset,” it said in a note by analysts including Shreyas Madabushi, warning that prices will remain depressed in the near term.
Citi Cuts Lithium (ORG) Citigroup Inc. (ORG) Shreyas Madabushi (PERSON)
Originally published by Bloomberg Markets Read original →

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