Lithium Related Media Articles, page-23323

The lithium market has entered a “new normal” period of stability with sustained price surges a thing of the past, analysts at FitchSolutions BMI said in a webcast Thursday.

Falling lithium prices in the past year means prices are expected to remain downcast for the next decade, Sabrin Chowdhury, head of BMI commodities analysis, said from Singapore. This outlook is reshaping the industry landscape, presenting opportunities and challenges for major producers and junior developers.

We expect global lithium production to grow by 16.4% year over year in 2024 to 1.12 million tonnes lithium carbonate equivalent (LCE) and by 19.7% in 2025 to 1.35 million tonnes LCE,” Savina said.

By 2028, global lithium mine production and demand are projected to reach an equilibrium at about 1.9 million tonnes, with demand set to overtake supply thereafter.

https://www.mining.com/lithium-price-surge-unlikely-to-return-fitch/