Pilbara says lithium prices may be near bottom


BENGALURU: Lithium prices may be bottoming, Australia’s Pilbara Minerals said on Thursday, supported by Covid-19 stimulus packages and government measures to boost the electric vehicle (EV) and renewable energy sectors.

Lithium has experienced a prolonged price fall due to slowing sales in China, the world’s top EV market, exacerbated by a hit to demand from coronavirus-induced lockdowns.

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