‘Sell the rally’: Citi turns bearish on lithium
Alex GluyasMarkets reporter
Citi’s commodities team has turned bearish on the near-term prospects for lithium, suggesting traders take profits on the rebound in prices as the physical market tips into a large surplus over the coming 18 months.
Lithium carbonate prices in China have surged more than 15 per cent since the Lunar New Year holiday finished amid reports of potential domestic supply curbs, downstream restocking and short covering by traders.
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