Lithium Prices Plunge on Slowing EV Demand in China, Stocks Tumble Further
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Lithium prices have plunged nearly 50% from June peaks on concerns over slowing EV demand in China.
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Lithium producers' stocks have tumbled, with lithium ETFs hitting multi-year lows.
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Fourth quarter typically sees lithium restocking in China, but that hasn't happened this year due to high inventory.
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Carmakers are struggling to defend market share amid economic uncertainty, with China's EV sales growth slowing.
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Analysts see lithium prices falling further, but long-term demand growth supports prices and lithium stocks.