Lithium producers are adjusting their pricing strategies due to shrinking margins, aiming to control discounts as demand for lithium batteries drops amid falling electric vehicle sales.
Suppliers are now seeking to stabilize discounts, intending to limit increases to 2 percent by 2025, with specific deals expected to have discounts of only 5 to 10 percent by 2024.
With the transition from fixed to annual pricing akin to copper pricing, lithium producers face challenges due to the significant price drop, once at 10 percent of its peak.
Producers are particularly focused on negotiations with key Asian markets, such as South Korea, Japan, and China, as they navigate through the changing market landscape for lithium.
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