I believe that is because there is an oversupply of lithium coming online. some big mines potentially being put on hold because of this.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.theaustralian.com.au/business/mining-energy/lithium-giant-warns-of-oversupply-risk/news-story/dc23eccf7fc73bb17c341d6ea92022a6&ved=0ahUKEwiHjd_1_cHiAhWJF3IKHbeUDIAQqQIINygBMAM&usg=AOvVaw3tq5flAuXtgc67WuxZMHPd
of course that is one opinion ...
I believe that is because there is an oversupply of lithium...
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