Lithium Prices Plunge 21% in 2024: Oversupply Concerns Grow

The lithium market faced a tumultuous day on December 20, 2024. Prices plummeted to CNY 75,850 per tonne, marking a 21.40% decrease since January. This drop reflects the ongoing struggle between supply and demand in the global market. Oversupply concerns loom large as miners maintain production despite slowing electric vehicle (EV) demand growth. Market dynamics […]