Lithium Miners News For The Month Of December 2019Dec. 24, 2019 10:58 PMALB, ALTAF, AMVMFSummaryLithium prices were lower again in December. Most experts are saying the bottom is very close and that lithium prices should pick up in H2 2020.Lithium market news - Canaccord: Lithium needs US$30 billion to meet long-term demand. Battery prices fall nearly 50% in 3 years.Lithium company news - Ganfeng Lithium signs supply agreement with BMW. Alita Resources repays Galaxy Resources its outstanding debt, backed by new Chinese investors.Welcome to the December 2019 edition of the lithium miner news. This past month saw lithium prices fall again. Most experts are saying the bottom is very close and that lithium prices should pick up in H2 2020.Lithium spot and contract price newsDuring December, 99% lithium carbonate China spot prices were down 5.20%. Spodumene (5% min) prices were down 2.1%, and spodumene (6% min) prices were reported in December by Mineral Resources at US$520/t.Fastmarkets (formerly Metal Bulletin) reports 99.5% lithium carbonate battery grade spot midpoint prices cif China, Japan & Korea of US$8.75/kg (US$8,750/t), and min 56.5% lithium hydroxide battery grade spot midpoint prices cif China, Japan & Korea of US$10.75/kg (10,750/t).
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