Upgrading price outlook as demand surges | Lithium Sector Update

Spot prices have climbed more than 40% since mid-October, now trading above US$1,150 per tonne, driven by accelerating demand for Battery Energy Storage Systems, which is growing at a rate of 65% year-on-year and is expected to represent around 20% of global lithium demand in 2025.

This rapid recovery has prompted upgrades to our near-term price forecasts and earnings outlook for key ASX-listed producers and developers, resulting in significant increases to price targets. The report also examines the evolving dynamics of lithium demand, the impact of shorter and more volatile price cycles, and which companies are best positioned to benefit from these trends.

Access the full sector report now via the Argonaut Research Portal or contact your Argonaut representative.

Important note: This report may contain general financial product advice and you should therefore consider the appropriateness of the advice having regard to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision.