Goldman Sachs raised its price target on Abemarle to $ 125 from $ 123 and lowered its buy rating on the stock as the bank predicted that over - capacity in the lithium sector is occurring . It also , reiterated its buy rating on FMC with a price target of $ 114 . The lithium industry will more than quadruple in size between 2017 and 2025 , said analyst Robert Koort . Albemarle shares have fallen 24% in 2018, while FMC shares have lost 5.5%. Contract prices set by companies have n’t provided full protection in other industries , but with rapidly declining industry operating rates , he expects this structure to provide some protection for the lithium industry . Lithium carbonate spot prices will decline toward $ 500 per ton and contract prices to $ 10,500 per ton by 2023 before rising , he said .
Goldman Sachs raised its price target on Abemarle to $ 125 from $ 123 and lowered its buy rating on the stock as the bank predicted that over - capacity in the lithium sector is occurring . It also , reiterated its buy rating on FMC with a price target of $ 114 . The lithium industry will more than quadruple in size between 2017 and 2025 , said analyst Robert Koort . Contract prices set by companies have n’t provided full protection in other industries , but with rapidly declining industry operating rates , he expects this structure to provide some protection for the lithium industry . Lithium carbonate spot prices will decline toward $ 500 per ton and contract prices to $ 10,500 per ton by 2023 before rising , he said .