0031 GMT - Mergers and acquisitions are likely to remain prevalent in the global lithium industry, as valuations decline on expectations for lower lithium prices in the medium term, Goldman Sachs analysts say in a note. The lithium market should be soft again this year as a number of projects ramp up, say the analysts. They reckon producers will be focused on cost-cutting and production efficiency. "Over the medium- to longer-term, we continue to prefer briners over miners," say the analysts, adding that price weakness and new discoveries could make many small, low-quality or remote spodumene deposits less likely to be developed. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
January 08, 2025 19:31 ET (00:31 GMT)
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