​Lithium Bear Market Over? UBS Says Chinese Battery Giant Curbs Production – Tyler Durden

Lithium Bear Market Over? UBS Says Chinese Battery Giant Curbs Production Western electric vehicle demand downgrades in the last 1.5 years have been one of the driving forces behind lithium prices collapsing from a peak in late 2022 into a nasty bear market. Oversupply of the critical battery metal has since become a significant concern in recent quarters as EV demand flounders in a period of high interest rates and elevated automobile prices. However, there is good news: China’s monthly lithium carbonate production is set to fall, and this production downshift has already started pushing prices upward. On Tuesday, UBS analyst Sky Han revealed…  — Continue at ZeroHedge News : Read More