Lithium trends 2020: Pandemic fuels challenges
The past few years have seen lithium miners take steps to survive challenging market conditions by scaling back production and cutting costs.
But at the end of 2019, the industry was experiencing a very positive uplift and a resurgence in the equity markets, Carlos Vicens of Neo Lithium (TSXV:NLC,OTCQX:NTTHF) told INN.
“We expected that the lithium price would recover by the end of 2020 and the equity markets would follow shortly thereafter,” he said.
Steve Promnitz, managing director of Lake Resources (ASX:LKE), was also expecting lithium prices to stabilize and trend upwards, a move that didn’t happen until later in the year.