Increase in the World's Known Reserves Could Further Depress Lithium Prices, But Variables Deserve Close Attention

As far as the global lithium market is concerned, the increase in the world's known reserves could further depress the price of the metal, which of course ultimately depends on Iran's ability to produce and export lithium, which, unlike other minerals, is expensive and difficult to extract. Thomas Chandler, chief lithium analyst at SFA Oxford, said: "The key question is how high is the grade of lithium in Iran and how difficult is it to mine? There are many details that need to be paid attention to behind the huge numbers."