The head of China's Zijin Mining Group Co Ltd said lithium prices now at record levels could halve by end-2025, telling the Reuters NEXT conference however the miner would still forge ahead with heavy investment in the sector.
battery materials, which could reduce lithium demand in the long term.
"We've been working on our lithium extraction from salt lake brine and hard-rock deposits to bring down cost and improve utilisation rate efficiency," he said. That would cut as much as half from China's current spot lithium carbonate battery grade prices, which according to Fastmarkets sit at a record 597,500 yuan a tonne, about three times higher than they were a year ago.
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