“For a significant change in direction we are looking at 2022 or 2023, but I do think we will see a flattening out in the second half of 2020 and a slight adjustment upwards in 2021,” Daniel Jimenez, managing partner at iLiMarkets said during the panel discussion.
In a poll of webinar attendees, 42% said lithium prices would start to change direction in 2021, and 38% said in 2022. The remaining responses were split over a turnaround in the second half of 2020, 2023 or even later.
“I think prices will flatten out in the second half of 2020, lift a bit off the low in 2021, but be capped by high stocks,” Will Adams, Fastmarkets’ head of battery raw materials research said.
Lithium carbonate 99.5% Li2CO3 min, battery grade, spot prices cif China, Japan & Korea were at $6.50-8.50 per kg on June 25, as per Fastmarkets’ latest assessment....