On June 27, Glonhe's albemarle (ALB.US) fell more than 4%, and sociedad quimica y minera de chile (SQM.US) fell more than 3.3%. On the news front, Fitch Solutions research firm BMI under the Huifeng Solution expects lithium prices to continue to be under pressure in 2024-2025, below the peak of 2022-2023, due to the rapid expansion of global lithium supply, resulting in an oversupply in the lithium market. BMI stated that although the increase in demand for lithium chemicals used in electric vehicle batteries and storage systems is expected to support prices near current levels in the short term, the increase in supply of lithium from large and emerging players is expected to limit further price increases. In addition, the progress of battery recycling technology is faster than expected, which brings downward risk to lithium prices by significantly expanding sustainable lithium supply.
美股异动｜锂矿股走低 惠誉旗下研究机构BMI预计锂价格将继续承压
US stock market turmoil: lithium mining stocks fall as BMI, a research institution under Fitch, predicts that lithium prices will continue to be under pressure.
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