UBS Raises 2026 CN Lithium Price Forecast by 18%, Lifts TPs for GANFENGLITHIUM , TIANQI LITHIUM
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UBS has raised its 2026 lithium price forecast by 18% due to strong demand for battery energy storage systems and electric vehicles, driven by rising energy prices and conflicts in the Middle East. The global lithium demand is expected to grow 16% YoY to 1.97 million tonnes, with EV batteries accounting for 53%. UBS also slightly increased its supply forecast, predicting a shortfall of 65,000 tonnes. Investment ratings and target prices for TIANQI LITHIUM and GANFENG LITHIUM have been adjusted accordingly.
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