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CHINA'S LITHIUM MARKET SET FOR LONG-TERM UPTREND

NEWS Desk Global



Stabilizing lithium prices is crucial for China's lithium industry, especially considering the long-term uptrend anticipated for this battery metal. Despite the recent plunge in prices due to increased supplies and slowing demand, lithium remains in high demand from various sectors, including power batteries and energy storage, driven by the global energy transition.

Ganfeng Lithium's Chairman Li Liangbin highlighted the importance of this trend, emphasizing the irreversible nature of the global shift towards cleaner energy sources. To address the challenges posed by fluctuating prices, China and Chinese companies have implemented various measures. These include the establishment of a lithium carbonate futures trading platform and the adoption of long-term contracts to ensure a stable supply and pricing mechanism. These initiatives aim to support the profitability of lithium miners and maintain a steady flow of global output, ultimately contributing to the sustainability of the lithium industry amid evolving market dynamics.

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