Chinese lithium producers are starting to slash output again after prices of the battery material crashed to a four-year low, suggesting another big round of supply cuts could be imminent for Australia’s beaten-down miners.
Commodity traders are increasingly concerned about the glut in lithium markets, which has intensified in recent months from a fresh wave of supply. That dragged China carbonate prices lower to 61,071.98 yuan ($13,059) a tonne last week, the weakest since March 2021, according to S&P Global Platts.
