RE: Lithium12 Aug 2025 10:22
Demand Recovery: Growing demand from electric vehicles (EVs) and energy storage systems, particularly in China, is supporting price recovery. Global EV sales grew 28% year-over-year in 2024, and emerging applications like energy storage and humanoid robotics are adding to long-term demand.
Recent mine suspensions in China, including a major halt by Contemporary Amperex Technology Co. (CATL) and regulatory actions against eight mines in Yichun for permit violations, have tightened supply. These closures, combined with Zangge Miningโs halt in Qinghai, could reduce global lithium supply by about 3%, fueling optimism for price stabilization.