Investing.com — Australian lithium stocks fell on Monday, with smaller miners leading losses, as investors weighed a weaker outlook for battery demand and expectations of improving supply following a reduction in lithium price forecasts by Citigroup. <\/p>\n
Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month’s list \u00bb<\/a> <\/p>\n Argosy Minerals fell 5.2%, the biggest decline among key stocks in the sector, while Core Lithium dropped 4.8%. Global Lithium Resources lost 3.8%, while Wildcat Resources and Galan Lithium each declined 2.3%. <\/p>\n Liontown fell 2.4%, after touching an intraday low of A$0.575, matching its 52-week low. PLS Group slipped 1%, having also touched its 52-week low of A$2.50. <\/p>\n The declines followed a report by Bloomberg on Monday that Citi had lowered its lithium price forecasts for the next two years, citing slower battery demand growth, trade uncertainty and broader macroeconomic headwinds. <\/p>\n Unsure what to buy ahead of earnings? Our AI’s recent pre-earnings calls delivered gains of +77% to +118% after results dropped. See this month’s earnings picks \u00bb<\/a> <\/p>\n The bank cut its three-month lithium carbonate price target to $12,000 a tonne from $20,000, its hydroxide forecast to $12,000 from $17,000, and its spodumene forecast to $1,200 from $2,000, according to Bloomberg. It also reduced its estimates for all three materials through the end of 2028. <\/p>\n Citi warned that consumers could delay purchases and maintain lean inventories as supply improves in 2027 and uncertainty over demand remains elevated. <\/p>\n Sentiment and investor positioning are likely to remain dominant near-term price drivers, leaving risks skewed to the downside, Bloomberg reported, citing the bank’s research note. <\/p>\n The most-active lithium carbonate contract on the Guangzhou Futures Exchange rose 1.2% to 91,160 yuan a tonne in the morning session, but remained more than 40% below its end-August level, Bloomberg said. <\/p>\n Demand concerns have also been reinforced by proposed limits on Chinese hybrid-vehicle exports to the European Union and the phase-out of some tax incentives in China. <\/p>\n Meanwhile, environmental approval for CATL’s Jianxiawo mine in China’s Jiangxi province, which was shut last August, has added to uncertainty over future supply. <\/p>\n Original Article <\/p>\n Australian lithium stocks slide as Citi cuts forecasts on weaker battery demand<\/a> <\/p>\n U.S. stock futures edge high after bruising Oct; earnings, elections in focus<\/a> <\/p>\n