Asian Lithium Prices Outlook for Q3: Analysis by S&P Global Ratings
Monday, 22 July 2024, 02:30
Overview of the Lithium Market
The oversupply in the lithium market has become more pronounced with a rise in output from multiple projects. S&P Global Ratings indicates that the growing production is a pivotal factor influencing pricing.
Pricing Trends
- Lithium prices have dipped below Yuan 90,000/mt in the second quarter.
- Continued decline in chemical prices is affecting the pricing of spodumene.
Market Projections
- Expectations for the third quarter indicate weak pricing due to oversupply.
- Industry stakeholders should reassess their strategies to mitigate risks associated with this trend.
In conclusion, the outlook for lithium prices in the upcoming quarter remains challenging, and S&P Global Ratings emphasizes the need for strategic adjustments.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.