Are We At The Lithium Price Bottom Yet?

News Snapshot:

Eoneren China spot lithium carbonate prices have this week bounced only very slightly from the bottom of CNY 95,500 to CNY 97,500 China lithium carbonate spot prices have fallen ~82% from their 2022 high and are now well below the marginal cost of production. This is resulting in severe cost cutting and several mines going into care and maintenance, which over time reduces supply. The China lithium carbonate spot price has been stabilizing since December 7, 2023 and this past 2 weeks has bounced higher from CNY 95,500 to CNY 97,500. Have lithium prices finally bottomed? The chart below suggests...