Part 6/10:
After experiencing a dramatic price drop of 86% since their peak in November 2022, experts suggest lithium prices may stabilize this year. The decline was attributed to oversupply resulting from a slowdown in global EV sales. Though total lithium carbonate surplus saw a surplus of 150,000 tons last year, this is projected to decrease to 80,000 tons as demand strengthens, particularly in China’s EV market. However, potential gains in pricing may be restrained by the reopening of previously closed lithium mines.