Higher-cost lithium producers are not shutting down operations fast enough even as fresh supply floods the market, keeping the battery mineral in surplus until 2027, Bank of America warns.
Its commodities team has slashed next year’s spodumene forecast by 25 per cent to $US750 a tonne, and more than halved its 2026 projection to $US800. Prices currently trade around $US810 a tonne.
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