Why Goldman Sachs is Still Bearish on Lithium

Goldman analysts Trina Chen and Joy Zhang explained in a client note Thursday that reports of Chinese battery giant Contemporary Amperex Technology (CATL) cutting lithium production at a major mine in Jiangxi province could produce a "near-term" price floor amid a multi-year bear market, temporarily alleviating oversupply concerns for the critical battery metal. However, they emphasized that the overall outlook for the lithium cycle remains deeply "negative."  "While there is lack of clarity on the quantification of production cut, we estimate…