Spodumene surges beyond US$2,000/t | Lithium Sector Update

Prices have climbed 60% in the past month and 25% in the first two weeks of 2026, driven by accelerating demand for Battery Energy Storage Systems and continued strength in EV sales.

We have upgraded our spodumene price forecasts for ASX-listed producers and developers to reflect the rapid price acceleration. While we expect some consolidation later in 2026 as supply responds, the near-term outlook remains highly constructive. The report also explores the drivers behind the price surge, the expected supply-side response, and our updated price cycle expectations.

Access the full report via the Argonaut Research Portal here or contact your Argonaut representative for a copy.

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.