Atlas Lithium price target lowered to $30 from $45 at Alliance Global Partners

Alliance Global Partners analyst Jake Sekelsky lowered the firm’s price target on Atlas Lithium (ATLX) to $30 from $45 and keeps a Buy rating on the shares after the company announced the arrival of the Dense Media Separation processing facility to Brazil. The firm says the successful arrival of the fully paid for processing facility serves as a key milestone with respect to Atlas Lithium’s ambition of transitioning from a lithium developer to producer in Brazil’s Lithium Valley. However, Alliance pushing out first production at Neves to the first half of 2026 from the second half of 2025 and lowered its lithium price forecasts due to the prolonged downturn in prices.