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Lithium price trend

Following last year’s high of about 119 index points in February, lithium had been on a downward trend until it started picking up again in September.

The market suffered heavy losses in 2019 as major miners lifted production, triggering oversupply fears amid reduced customer demand, particularly in China.

The lithium price has been steadily recovering over the past few months.

But according to market data, lithium’s current position at 114.7 index points reflects a 19.04% price increase over the last three months and is up 7.8% in the last month.

The price then shot up sharply from about 108 after the Chinese minister’s comments on the weekend.