Lithium Stocks Fall on Price Concerns; We See an Attractive Entry Point as Our Outlook Is Unchanged
On Dec. 20, shares of all three lithium stocks we cover traded sharply lower, as junior lithium producer Orocobre announced its outlook for lower prices into 2019. We already expected lithium carbonate prices on a Chilean-export basis to fall from $12,000 per metric ton in 2018 to $10,000 per metric ton by 2020. However, we reiterate our view that prices will recover thereafter.Due to our above-consensus electric vehicle outlook, we forecast 19% annual demand growth for lithium over the next de...
Livent manufactures lithium. The company's primary products, namely battery-grade lithium hydroxide, butyllithium and high purity lithium metal are inputs used in various applications. The company produces lithium compounds for use in applications that have specific performance requirements, including battery-grade lithium hydroxide for use in lithium-ion batteries. The company also supplies butyllithium, which is used as a synthesizer in the production of polymers and pharmaceutical products, as well as a range of specialty lithium compounds including high purity lithium metal, which is used in the production of lightweight materials for aerospace applications and non-rechargeable batteries.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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