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US lithium companies report tough short-term conditions

US lithium companies Ablemarle and Livent have said lithium markets will continue to be weak in the short term due to excess capacity and weak demand exacerbated by the COVID-19 pandemic. The companies see the long-term fundamentals as continuing to be positive.

US lithium companies report tough short-term conditions US lithium companies report tough short-term conditions US lithium companies report tough short-term conditions US lithium companies report tough short-term conditions US lithium companies report tough short-term conditions

Silver Peak in Nevada, USA

Albemarle said it planned to temporarily idle some lithium battery grade production due to weaker demand and higher inventory in the battery supply chain, with portions of its Silver Peak lithium mine