ASX lithium shares to get price shock as commodities supercycle charges up

The market may be under appreciating the upside potential for ASX lithium shares. Is UBS estimating that battery supply will need to expand by more than 20 times in the next few years.

ASX lithium miners have been performing strongly as it is. But UBS’ bullish view that is underpinned by its belief that electric vehicles (EVs) are switching to the fast lane could give the sector an extra boost.

ASX lithium shares benefit from EV adoption upgrade

The analysts at UBS took a detailed look at Volkswagen’s first affordable EV offering, the VW ID.3, which should arrive in Australian next year.

“We are more confident than…