Lithium price may soften this year on ‘slight oversupply’ but EVs driving future optimism

The lithium price might be in for a rough ride this year, as a supply response might overshoot what the market actually needs, London-based pricing intelligence firm Metal Bulletin’s head of research William Adams tells Mining Weekly in an interview. “We see a slight lithium surplus coming this year, moving to a slightly bigger surplus next year. And the surplus could exist purely on paper, rather than seeing surplus metal floating around on the market,” he cautions.