Lithium Giant Sees Stable Prices Following a ‘Crazy Peak’
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Lithium prices aren’t going go back to the historic highs of recent years but won’t plummet to pre-boom levels either, according to the world’s third-largest producer of the mineral key to electric-vehicle batteries.
Prices have now stabilized after miners globally boosted production capacity to match soaring demand from automakers, Tianqi Lithium Corp. Chief Executive Officer Vivian Wu said on Monday. Orders for the soft, white mineral produced mainly in Chile and Australia remain solid, she said.