Lithium supply surplus set to stay with battery makers’ help
- Battery makers help to prop up loss-making lithium mines
- Global lithium surpluses expected to persist through 2027
- Chinese firms keep Zimbabwean mines open despite losses or thin profits
LONDON, Dec 10 (Reuters) – Many lithium mines, led by Chinese operators, are maintaining production of the raw material needed for electric vehicle (EV) batteries, in defiance of prices weak enough to trigger mass output cuts – providing a boon for battery makers.
The continued production raises the prospect of years of oversupply and of weak prices.
Some battery makers own mines or have injected cash into operations to keep them operational, company reports show.
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Lithium supply surplus set to stay with battery makers’ help, source
