花旗集团下调了未来两年锂的价格目标，理由是担忧电池需求增长放缓、贸易不确定性上升以及更广泛的宏观经济逆风。
Inc. cut its price targets for lithium for the next two years, citing concerns over a slowdown in battery demand growth, rising trade uncertainty and broader macroeconomic headwinds.
该银行在一份分析师（包括Shreyas Madabushi）撰写的报告中表示，对明年该金属需求恶化的担忧引发了“锂重置”，并警告称，短期内价格将保持低位。
Fears of demand deterioration for the metal next year have triggered a “lithium reset,” it said in a note by analysts including Shreyas Madabushi, warning that prices will remain depressed in the near term.
“随着2027年供应预计将改善，且明年需求的不确定性较高，消费者可能会推迟采购并保持低库存，”该银行在周五发布的报告中表示。“情绪和持仓预计将在短期内继续成为主导因素，使风险偏向下行。”花旗将三个月期碳酸锂和氢氧化锂价格目标分别从每吨2万美元和1.7万美元下调至1.2万美元，同时将辉锂矿预测从每吨2000美元下调至1200美元。该银行还下调了其对这三种电池原料截至2028年底的所有估计。
“With supply expected to improve in 2027 and uncertainty around next year’s demand elevated, consumers are likely to defer purchases and maintain lean inventories,” the bank said in the note released Friday. “Sentiment and positioning are likely to remain the dominant drivers in the near term, keeping risks skewed to the downside.”Citi cut its three-month lithium carbonate and hydroxide price targets to $12,000 a ton from $20,000 and $17,000, respectively, while reducing its spodumene forecast to $1,200 from $2,000. The bank also lowered its estimates for all three battery ingredients through the end of 2028.
广州期货交易所最活跃的碳酸锂合约早盘上涨1.2%，至每吨91160元（约合13710美元）。自8月底以来，该合约已下跌逾40%。
The most-active lithium carbonate contract on the Guangzhou Futures Exchange rose 1.2% to 91,160 yuan ($13,710) a ton in the morning session. It’s shed more than 40% since the end of August.
近几周，限制中国混合动力汽车出口到欧盟的计划以及北京取消部分税收优惠的举措，加剧了人们对汽车电池和大规模储能系统需求的担忧。高盛集团上个月预测，锂市场将从本季度的短缺转为近乎平衡，随后在未来两年出现过剩。
A plan to limit Chinese hybrid-vehicle exports to the European Union and Beijing’s phase-outs of some tax benefits have added to concerns about demand for car batteries and large-scale energy-storage systems in recent weeks. Goldman Sachs Group Inc. forecast last month that the lithium market will shift from a deficit to near balance this quarter, followed by surpluses over the next two years.
中国江西省宁夏我乐矿山的命运自去年8月关闭以来，也一直是影响锂价的重要因素。这家电池制造商周五获得当地政府对该项目的环境批准。宁德时代股价周一在深圳一度上涨4.2%。
The fate of Contemporary Amperex Technology Co. Ltd.’s Jianxiawo mine in China’s Jiangxi province has also been an important driver of lithium prices since it was shut last August. The battery maker received environmental approval on Friday from the local government for the project. CATL’s share price rose as much as 4.2% in Shenzhen on Monday.