Lithium Carbonate Prices Fall Back to Earth as Grand Supply hits to Weak Demand

The introduction of new types of lithium-ion batteries and a lack of Chinese assistance for the market for electric vehicles (EV) could reduce demand for lithium globally.

The 4th quarter of last year saw a significant increase in the production of renewable power vehicle firms.

And the price reductions of fuel-powered vehicle will temporarily restrain the growth of new power vehicle to some extent.

The delivery taking of batteries by manufacturers will slow down to different degrees when the price of lithium decreased. To lower safe stockpiles, battery companies has postpone delivery taking and CAM purchases as well as lithium salt purchases by CAM plants.

The demands for the new electric vehicle industry normally improves dramatically in the third and fourth quarters. Which is the silver lining.