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Zijin to keep investing in lithium despite expected price drop

China-based Zijin Mining intents to push ahead with its plan of investing heavily into the lithium sector despite expecting prices for the commodity to halve by the end of 2025 after peaking next year, company president Zou Laichang reportedly said at the Reuters NEXT conference.

Zijin to keep investing in lithium despite expected price drop Zijin to keep investing in lithium despite expected price drop Zijin to keep investing in lithium despite expected price drop Zijin to keep investing in lithium despite expected price drop Zijin to keep investing in lithium despite expected price drop

“In the long run, we plan to produce over 150,000t of LCE per annum, which will lay a solid foundation for us to become a major lithium producer,” Zijin says on its website.

A supply surge coming onstream by 2025 is expected to push lithium prices down to a "normal range" of 300,000 yuan to 400,000 yuan (US$42,494 to US$56,658) per t in the second half of that year, Zou