The lithium bubble has popped with stunning speed.Production cuts from Albemarle are bad news for Australia’s struggling lithium sector. But the market needs more bad news before it can recover.AdvertisementCompaniesChanticleerChanticleerChanticleerThe lithium bubble has popped with stunning speedProduction cuts from Albemarle are bad news for Australia’s struggling lithium sector. But the market needs more bad news before it can recover.What a difference nine months make.At the start of October 2023, the world believed that US litharle was set to pay $6.6 billion for ASX-listed Liontown Resources. The lithium market was on fire and Albemarle chief executive Kent Masters had done plenty to stoke the flames, having opened 2023 by declaring the company’s revenue would climb from $US4.7 billion ($7.2 billion) in 2022 to as much as $US15.7 billion in 2027.
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The lithium bubble has popped with stunning speed.Production...
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