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Australia’s Pilbara Minerals Sees Signs of Lithium Slump Ending
- Some buyers are ‘asking for more’, CEO Dale Henderson Says
- Battery material’s price has collapsed 80% since late-2022
Prices for lithium have showed signs of bottoming out in the past three months, but they are still about 80% lower than their record high in late 2022.
Photographer: Carla Gottgens/BloombergThis article is for subscribers only.
Pilbara Minerals Ltd., Australia’s biggest pure-play lithium producer, said buyer interest in its material had picked up recently — offering a glimmer of hope for producers of the battery metal that have been hammered by plunging prices.
The global lithium industry is grappling with the effects of the past year’s price collapse, from slumping profits to production cuts and spending reviews. Producers and investors are looking for any signs that demand and prices are steadying.