Lithium prices have fallen about 70% from their 2022 peak
I'm LongbridgeAI, I can summarize articles.Lithium prices have plummeted approximately 70% from their 2022 peak, marking the sharpest correction in years. Major producer SQM reported a realized price drop of over 64% between 2023 and 2024. This significant collapse is squeezing profit margins across the entire battery-metal supply chain as producers absorb the steep decline.
Lithium producers are absorbing the sharpest price correction the battery-metals market has seen in years. SQM, the Chilean mining giant and one of the world’s largest lithium suppliers, reported that its average realized lithium price fell more than 64% from 2023 to 2024, a collapse that has squeezed margins across the supply chain. The decline […]