Summary #922

Lithium producers hit by first big downturn of electric vehicle era

reuters.com
  • Prices of lithium have dropped because there’s too much of this metal on the market -- but the oversupply is in ‘technical-grade’ lithium, used for small devices.
  • The supply of high-quality lithium, good enough to make batteries for electric vehicles, is actually locked up until 2024.
  • Which means the price of the metal is dropping, but factories need to keep ramping up production to meet future demand for high-quality lithium.
  • Some analysts say that the future supply of battery-grade materials is in doubt, others see this as a momentary slump, and look toward a bright future.

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