Lithium Market Dynamics
Current lithium supply is outpacing demand, leading to a surplus that is driving prices down. While demand is projected to grow at 15% to 20% CAGR through the decade, producers are reconsidering their capital expenditure plans due to lower spot prices. The future balance of supply and demand hinges on how quickly the market can absorb the current oversupply as electric vehicle demand continues to rise.In this clip
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