Shrinking surplus: A man holds a handful of unprocessed lithium at a mine in Brazil. Benchmark Mineral Intelligence sees Zimbabwe, China and Argentina as among countries where output will rise from last year. — AFP
BRISTOL: A persistent lithium glut and the prospect that some mines could be restarted if prices rise means the battery metal is unlikely to mount a significant recovery this year.
Lithium prices have plunged since late 2022 on oversupply and slower-than-expected growth in electric vehicle (EV) demand.
