Lithium prices will weaken in 2020, iodine prices will rise, SQM chief says

By Michael Greenfield, Michael Greenfield
Published: Monday, 25 November 2019

Oversupply in the lithium market will continue into 2020, pushing prices lower, while iodine prices will move in the other direction and be “a couple of dollars higher” than in the fourth quarter of 2019, according to the chief executive officer of Chilean miner SQM.

Lithium and iodine major Sociedad Quimica y Minera (SQM) has predicted that "average" lithium prices "will be lower" in 2020, continuing a trend after its own lithium sales have fallen by $100 million year-on-year.

But iodine prices will continue to climb, according to Ricardo Ramos, chief executive office at SQM,...

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