SMM11, March 30: Moody's Investors Service) Senior Credit Officer Joseph Princiotta (Joseph Princiotta) said in a report that there will be a surplus in the lithium market, especially between 2020 and 2022. By then, new mines and transformational start-ups are expected to appear in large numbers on the market.
"despite the rapid growth in demand for metal-made electric car batteries," excess spot prices will remain under pressure.
The impact of weak spot prices will be minimal for major lithium producers such as Albemarle and Livent.
These companies rely mainly on long-term contracts with minimum prices and other protective terms to maintain profits, he said.