**China's Grip on Lithium Prices to Loosen by 2025**Beijing, July 2024 – Industry insiders predict that China will no longer be able to control lithium prices from 2025 onwards. Despite its dominant position in the global lithium market, China's efforts to manage supply and prices are expected to falter. Rising demand from electric vehicle manufacturers and increased mining activities in other countries are set to weaken China's influence. Experts warn that this shift could lead to a surge in lithium prices, impacting everything from smartphones to electric cars. Western nations are gearing up for this change, investing heavily in local mining projects to reduce dependency on Chinese lithium. As the lithium landscape evolves, global markets brace for a turbulent transition period.
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