A Chinese lithium producer source said they already cut lithium production, without disclosing further details. A second Chinese lithium producer source confirmed to Fastmarkets that they are considering adjusting their production, but no decision had been made yet.
Other Chinese lithium producers were said to either have cut or suspended production, or were considering taking such options given that current lithium prices have trended below their breakeven point, according to sources.
“We are under great pressure. Every ton of lithium salts we sell brings us losses,” the second Chinese lithium producer source said.