With lithium prices languishing near three-year lows and showing no signs a recovery is coming, attention is now turning to whether miners will be forced to rein in supply of the battery metal. The price of the material that’s vital to the energy transition has plunged by around 80 per cent since late 2022, and Benchmark Mineral Intelligence sees the current glut deepening through 2027. While some smaller producers have already cut output, the question now is whether the bigger firms will choose to shutter mines and delay projects from Australia to Chile...
Lithium remains in the doldrums due to slowing growth in electric-vehicle adoption and increased supply. Spot prices of lithium carbonate in China have been hovering near the lowest since March 2021.
