The company has indicated that the average price of lithium carbonate sales for the December quarter is likely to be around
This highlights for Morgan Stanley the deteriorating pricing of unpurified product, as
Although prices for purified product have stabilised somewhat, the introductory overhang continues to weigh on volumes and prices in the market, the broker observes.
Morgan Stanley agrees with the company's strategy of maintaining market share, as the loss of economies of scale could put further pressure on margins.
Equal-weight rating,
Sector: Materials.
Target price is
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