Lithium producers stay bullish on EVs despite growing headwinds By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
The world s largest lithium producers
say they remain bullish on long-term demand for the battery
material in the midst of recent price drops fueled by growing
worries that the global pace of electric.
Lithium producers stay bullish on EVs despite growing headwinds reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
A basket of prices for lithium - which vary by region and by type - tracked by Benchmark Mineral Intelligence has dropped more than 60% this year. While demand for the ultralight battery metal is still expected to rise this year from 2022 levels, investors' expectations for white-hot industry growth were dampened by sluggish quarterly reports from Albemarle, Pilbara Minerals, Livent and others. In Australia, the world's largest lithium-producing nation, Pilbara Minerals is the most-shorted stock on the Australian Stock Exchange, suggesting investors have a negative view on lithium demand.