UBS has revised its lithium market outlook, predicting a shift from surplus to equilibrium by 2027-28 due to production cuts and project delays. The bank forecasts an 18% increase in global lithium demand to 1.5 million tons in 2025, while supply growth is expected to slow to 15% year-on-year. UBS has raised its spodumene price forecasts for 2025 and 2026, but remains cautious about potential price increases due to the possibility of reactivating curtailed production.
UBS Group AG has acquired a 5.82% voting stake in Pilbara Minerals Limited, marking its significant interest in the lithium sector. This strategic move is expected to influence Pilbara's stock performance and the broader market dynamics surrounding lithium investments. Investors should monitor this development closely.
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