The Lithium Glut Could Persist Until 2027 ...Middle East

OILPRICE - Economy
The Lithium Glut Could Persist Until 2027
source : OILPRICE ( Middle East ) () 66
This year’s plunge in lithium prices has forced curtailments in production in China and Western Australia as lithium miners look to limit losses and reduce the oversupply hanging over the market and prices.  However, the lithium glut has not gone away and the market could remain oversupplied until 2027, analysts say.  One of the reasons for a persistent glut could be the fact that while producers in Australia and, to some extent, in China, are curtailing output and delaying project ramp-ups, lithium mines in Africa owned by Chinese…

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