Posted 3/9/2024, 8:07:00 AM
China Poised to Benefit as Lithium Demand Rises Long-Term Despite Recent Price Drops
- China's lithium industry set to benefit from price stabilization and long-term uptrend in demand
- Lithium demand growing globally amid energy transition away from fossil fuels
- Recent lithium price drops hit miner profits, threatening to curb output
- China taking measures to stabilize lithium prices to support industry chain
- Geopolitics brings risks but may also encourage more international cooperation