Global lithium short term outlook May 2023
Lithium prices continued to decrease, accelerated in April and into early May. By the middle of May, prices have started to rebound. The two key drivers are: * destocking in the Chinese market is coming to an end * increasing supply We forecast the decrease in lithium demand to be short-lived and that lithium demand will return to the market later this year with indications already in place. The demand profile will be met with a continued growth in supply which will prevent prices from returning to previous highs.