Reported 2 days ago
Analysts predict that lithium prices will stabilize in 2025 following a sharp decline due to mine closures and increased electric vehicle sales in China, which will help absorb the excess supply of the battery metal. After a nearly 86% price drop from its peak in November 2022, the global lithium supply glut is projected to significantly shrink this year, positioning demand to outpace supply. Despite potential for price recovery, experts warn that the reactivation of closed mines could limit price increases.
Source: YAHOO