Goldman Sachs with some views on the three metals out for the next few years.
Bloomberg have an article summarising the Goldman Sachs note (gated). In brief:
- said the price of three key battery metals -- cobalt, lithium and nickel -- will drop over the next two years
- There’s been “a surge in investor capital into supply investment tied to the long term EV demand story, essentially trading a spot driven commodity as a forward-looking equity,” the analysts said. “That fundamental mispricing has in turn generated an outsized supply response well ahead of the demand trend.”
- long term prospects for the metals remain strong
