Lithium is going to reverse, Analysts believe that the freefall in the price will reverse. As demand for EV & power storage is expect to rise up from this quarter ahead.

China’s biggest lithium manufacturers, including Tianqi Lithium & Ganfeng Lithium, reportedly agreed previous month to set a minimum prices of 250,000 yuan.

As Chinese dealers hurried to sell rising stocks, offers reportedly decreased to 260,000 yuan per tonne.

Lithium recover

Chinese publication The Paper reported, certain unknown companies, including significant ones, have cut supplies in Yichun, China’s top lithium-producing hub

China leads the worldwide lithium-ion batteries supply chain and accounts for a substantial portion of global lithium supplies.