...this shows how bad the lithium market has been in 2024
2024´s Lithium sentiment reflect not only in Li price but also in offtake agreement activity:
•Significant reduction of offtake agreements activity in 2024. At ~250 kMT LCE it will be ~1/2 of that of 2019 (when demand was 1/3 of today´s) and 1/8th of the almost 2000 kMT LCE signed in 2022.
•The downstream (Car OEMs and Battery Manufacturers) have gone back to sign around 25% of the offtakes down from their historic peaks of 60% and 85% in 2022 and 2023.
