lithiumoutlook
Lithium prices remained subdued in the first quarter of 2024, well below highs set in late 2022 and 2023. Various factors, including oversupply and weak electric vehicle (EV) demand, kept prices muted over the 90 day period. Even as a market glut weighs on prices, Fastmarkets is forecasting that lithium supply will increase by 30 percent by the end of the year. The firm notes in a January report that some new supply is being ramped up, while some high-cost output is being cut — it remains to be seen how the current price environment will impact these plans. "Market participants expect downstre...
Investing News Network
After a 2022 that saw lithium prices soar, the battery metal came crashing back down last year. Support for the industry and for electric vehicles (EVs) remains strong in the long term as global leaders strive to reduce emissions, but what does today's low price environment mean for the lithium market now? To find out, the Investing News Network (INN) spoke with experts about the lithium outlook for 2024. How did lithium perform in 2023?While lithium demand was significant in 2023, growth fell year-on-year as an economic slowdown affected EV demand, particularly in China. Additionally, the mar...
Investing News Network
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