Lithium Expert Says China Manipulating Prices Downward By Charles Kennedy - Apr 06, 2023, 4:30 PM CDT
With lithium prices tanking nearly 60% so far this year, international Lithium expert Joe Lowry says the market isn’t reflecting the reality and blames China for using a “false narrative” to manipulate prices lower as a supply squeeze looms large.
“Everybody knows they have a lithium problem and we’ve seen this year at the beginning of the year, extreme volatility in the China spot market,” Lowry told a conference in Singapore, as reported by Stockhead.
“I think you’re going to see volatility in the lithium space going forward. I believe honestly, that China’s tried to create a false narrative to talk the lithium price down. It’s going to be interesting, but … the way I look at the numbers we’re in a shortage for the rest of this decade,” he added. ADVERTISEMENT
China accounts for a large part of the global lithium supply and dominates the global lithium-ion battery supply chain