Australian lithium producers cut supplies as prices plummet
Miners say they see little respite from difficult market conditions in 2019
02 September 2019 - 16:44
Melbourne — Having raced to ramp up lithium production over the past five years to exploit surging prices, Australian producers are now scrambling to cut supplies as prices plummet on falling demand in the world’s top electric vehicle market.
Miners say they see little respite from the difficult market conditions through to December 2019 due to lower demand for the battery component after Beijing altered its subsidies to electric vehicle makers and a rise in global trade tensions...
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