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Lithium dilemma focus of LME panel

The outlook for lithium in the short term is grim, with oversupply, low-cost producers increasing their production, and desperation from sellers set to push prices even lower. But LME Week panellists this week agreed the battery mineral still has a bright future.

Lithium dilemma focus of LME panel Lithium dilemma focus of LME panel Lithium dilemma focus of LME panel Lithium dilemma focus of LME panel Lithium dilemma focus of LME panel

Panellists at the LME Focus event were downbeat about lithium in the near-term, but slightly brighter about the long term

"Rough times will continue, and things will get even worse," said Daniel Jimenez, partner at iLi. "The only way to balance the market would be to idle some of the capacity.