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.

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

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

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