Have lithium prices reached a bottom?

Benchmark Mineral Intelligence

The global weighted average lithium carbonate price has fallen by 28% this year, leading some mining companies to stop production and others to scale back future expansion plans. Prices for spot market lithium carbonate, CIF Asia, were last assessed at $10.6 a kilogram, down from a record high of $78 in early 2023. But have prices now reached a bottom? Benchmark analysts dissect the current lithium market and forecast how it could develop in 2025.