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>Lithium price surge unlikely to return: Fitch
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Lithium price surge unlikely to return: Fitch
Henry Lazenby - The Northern Miner | June 28, 2024 | 9:41 am Battery Metals Intelligence Markets Africa Asia Australia Canada China Europe Mexico and Central America Russia and Central Asia Lithium
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Greenbushes spodumene mine in Western Australia. Image: Talison Lithium.
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.
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“This stabilization is primarily due to a rapidly expanding global supply, which has already pushed the market into surplus,” Chowdhury said. “We expect no return to previous highs for lithium. Prices will remain below the peaks of 2022 and 2023 for at least five to 10 years.”
Bottom signal or what?
