Lithium woes discussed at LME Week

THE outlook for lithium in the short term is grim, with oversupply, low-cost producers increasing their production, and desperation from sellers set to push prices even lower. But LME Week panellists agreed the battery mineral still has a bright future.

Lithium woes discussed at LME Week Lithium woes discussed at LME Week Lithium woes discussed at LME Week Lithium woes discussed at LME Week Lithium woes discussed at LME Week

Panellists at an LME Focus event were downbeat about lithium in the near-term, but slightly brighter about the long-term

"Rough times will continue, and things will get even worse," said iLi partner Daniel Jimenez.

"The only way to balance the market would be to idle some of the capacity.