RE: Advfffffin6 Jan 2024 16:26
Prices are not expected to return to previous high levels such as during 2022 and early 2023 before 2025 due to the forecast surplus in supply,” the Department said. “Some higher-cost producers, such as lepidolite miners in China, have become unprofitable and cut production. However, most lithium producers will remain profitable at current prices and continue to produce.”
The five largest lithium mines, accounting for 99% of Australian spodumene output, reported A$670 to A$1,225 average costs of production per tonne over the 2022–23 financial year, the government said.
https://www.mining.com/lithium-price-plummet-due-to-continue/