January 13, 2025
“Forecast for Lithium Market: Gradual Recovery Expected by 2025”
Growth and Challenges in the Lithium Market: What’s Ahead for 2025 In recent years, lithium prices have dropped approximately 80% from their peak levels due to an influx of new supply. Producers in Australia and other regions are still adjusting to these changes and their impacts on the market. According to Adamas Intelligence, a battery metal and EV consultancy based in Toronto, the Asia Pacific region, especially China, is projected to continue leading the global EV market. Currently, electric vehicles (EVs) make up more than 50% of all vehicle sales in China. While there is optimism for a rebound in