Some commodity strategists believe lithium price forecast 2025 hinges on geopolitical developments, specifically resource nationalism trends in Bolivia. Futures contracts on lithium carbonate show increased open interest from hedge funds betting on a rally. While Albemarle appears expensive compared to its sales-based multiples, our DCF model offers another perspective. The SWS DCF model estimates Albemarle’s fair value at $117.33 per share, which is well above the current price. This suggests the stock could be significantly undervalued if the cash flow assumptions prove accurate. Could this point to overlooked upside, or does it highlight the uncertainty baked into long-term forecasts? “In 2025, 79 percent of African output will be China owned,” she said. “That percentage reduces down to 65 percent in 2035 however, with the increase in tonnage, even though there's a reduction in percentage, there'll be an almost doubling in terms of how much that's actually being put out.” This liquidity jump aligns with a more aggressive lithium price forecast 2025 stance from JP Morgan’s metals team.