High Lithium Ore Prices in Australia will Drive Lithium Prices Rebound, Reasons Prevent Output to Grow

The CITIC Securities Research Report pointed out that in the first quarter of 2023, the sales of lithium concentrate in Australia declined, and the impact of weakening domestic consumption on the upstream sectors appeared.

Factors such as labour shortage and tight transportation continue to restrict the increase in production of lithium ore in Australia, and the high prices of lithium ore underpin lithium prices. The contraction of upstream supply and downstream stockpiling are expected to lead to a rebound in lithium prices.

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