ASX Lithium Stocks Surge on Broker Upgrades
Australian lithium stocks experienced a significant surge on Thursday following a bullish note from JPMorgan, which raised its forecast for spodumene prices by up to 50% over the next two years.
JPMorgan's head of basic materials research, Lyndon Fagan, upgraded the broker's forecast for spodumene, a type of lithium mined in Australia, from $US800 a tonne to between $US1100 and $US1200 per tonne for 2026-2027.
The upgrade sent Australia's largest pure-play lithium stocks, Pilbara Minerals and Mineral Resources, soaring.
Author's summary: ASX lithium stocks rise after JPMorgan upgrades forecast.
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