Lithium fundamentals show no sign of near-term recovery, says broker SCB

By Dalila Ouerghi
Published: Friday, 03 April 2020

Demand for lithium chemicals will not recover before mid-2021 due to the added headwinds caused by the global spread of the Covid-19 epidemic to an already oversupplied market, SCB's battery raw materials broker said.

During a virtual lithium market presentation hosted by investment bank Morgan Stanley on Friday April 3, SCB's Martim Facada said the lithium market will remain in a bearish price environment for the remainder of 2020.

This is in line with predictions from other market participants.

Facada said key consumers of...

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