Lithium Prices Sink To Five-Month Lows Amid Oversupply Jitters ...Middle East

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Lithium Prices Sink To Five-Month Lows Amid Oversupply Jitters
source : OILPRICE ( Middle East ) () 138
Lithium prices have sunk to a five-month low as the return of previously idled mine capacity triggered fears of a massive market oversupply. Lithium prices on the Guangzhou Futures Exchange (GFEX), the most active lithium carbonate contract, fell to 136,800 yuan ($20,210) per tonne on Wednesday, nearly 30% below their multi-year highs reached in mid-May. The sharp pricing downturn is linked to a wave of accelerating mine restarts and expansions across China and Australia. Last month, China’s EV battery giant, Contemporary Amperex Technology…

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