Lithium Americas (Argentina) Corp

LAAC: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 13.00	Mtnsxw	Gdxqzswd

Lithium: Stocks Sell Off on Broker Downgrade Based on Lower Price Outlook

Seth Goldstein

Oct 18, 2023

On Oct. 18, lithium stocks plummeted following a sell-side broker's downgrade for Albemarle and SQM. The downgrade is due to the outlook that the lithium market will move into a supply surplus in 2024 and 2025, leading to lower lithium prices. We disagree and continue to forecast a price rebound as strong demand growth outpaces supply leading to a supply deficit in 2024.

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