Lithium Output Cuts Back in China After Price Collapse

Lithium prices have collapsed, forcing Chinese companies to reduce production of a crucial battery component at a major industrial hub.

In the short term, the lithium carbonate price decline may be supported by the Yichun refinery’s suspension of operations. According to Rystad Energy analyst Susan Zou.

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According to statistics from Asian Metal Corp., lithium carbonate prices on Thursday ended a 16-day falling trend to remain at 217,500 yuan (31,613 dollar) per tonne

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Chinese industry behemoths Tianqi Lithium Corp. and Ganfeng Lithium Group Co., both of which reported record profitability in 2022, stated previous week

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The assessment was share by Citigroup Inc. Which pointed to sluggish downstream consumption in the near future as Chinese customers continued to deplete stockpiles.

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