Xin Lang Cai Jing·2025-11-24 09:21Core Viewpoint - Goldman Sachs reports that the lithium market fundamentals have significantly improved in recent months, with expectations of a tight supply-demand balance from the second half of 2025 to the first half of 2026, driven primarily by strong domestic demand and exports, particularly from energy storage systems [1] Group 1 - The anticipated changes in the lithium market are largely driven by the energy storage systems, which are expected to be the most significant factor influencing demand [1] - Current spot prices for lithium are considered to have downside risks due to negative feedback from downstream markets, a slowdown in the growth rate of energy storage system installations, and other factors affecting inventory replenishment [1] - The supply side is also experiencing a slow pace, contributing to the overall market dynamics [1] Group 2 - Goldman Sachs has updated its lithium price forecasts based on the Chinese benchmark [1]