• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Wednesday, October 8, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home News

Analysts predict lithium price rebound as China’s EV market soars

David Ijaseun by David Ijaseun
January 14, 2025
in News, Premium
0
lithium mine
523
SHARES
6k
VIEWS
Share on FacebookShare on Twitter

Global lithium prices are forecast to stabilize in 2025, bringing relief after a sharp two-year decline. Analysts credit China’s electric vehicle (EV) market and mine closures for absorbing excess supply, offering hope to an industry battered by an 86% price drop since November 2022.

The global supply glut is expected to shrink by nearly 50%, from 150,000 tons of lithium carbonate equivalent (LCE) in 2023 to around 80,000 tons this year, according to Antaike, China’s state-backed commodity data provider. Cameron Hughes, a battery markets analyst at CRU Group, highlighted the impact of mine shutdowns. “We expect significant reductions in market surplus, which will support a price recovery in 2025,” Hughes said.

READ ALSO

Tesla driver’s fury over autopilot ‘failures’ sparks fresh debate on safety and trust

Shell’s launches EV charging fluid that cuts charging time to 10 minutes

China, the world’s largest EV market, has doubled subsidies for EV purchases since July 2024, leading to a surge in sales. More than five million vehicles have already benefited from these incentives, helping stabilize lithium prices. A buyer at a mid-sized Chinese cathode material plant noted, “The uptick in lithium trade in late 2024 is undeniably linked to the subsidy policy.”

Market projections vary but suggest cautious optimism. Project Blue, a metals research firm, expects average lithium prices to stabilize at $11,092 per metric ton in 2025. Meanwhile, Guotai Juan, a Chinese broker, forecasts prices between 60,000 yuan ($8,184) and 90,000 yuan ($12,276).

However, risks remain. David Merriman, research director at Project Blue, warns that reopening shuttered mines could cap price gains. “Price improvements are likely towards the end of 2025 as inventories deplete and buyers return to the market,” he added.

Despite uncertainties, industry insiders remain hopeful that China’s EV subsidies and mine curtailments will bring much-needed balance to the lithium market by next year.

Read more on Porsche reports 28% fall in China sales, global sales decline by 3%

Tags: All premiumChinaelectric vehicles

Related Posts

Tesla autopilot
Electric Vehicles

Tesla driver’s fury over autopilot ‘failures’ sparks fresh debate on safety and trust

October 7, 2025
Shell EV fluid
Electric Vehicles

Shell’s launches EV charging fluid that cuts charging time to 10 minutes

October 7, 2025
Gulfstream G300
Business

Gulfstream’s $28m G300 jet sets new standard in super-midsize luxury travel

October 7, 2025
Renault
News

Renault plans to cut 3,000 jobs to stay competitive amid rising costs

October 5, 2025
U.S. electric vehicle tax credit
Electric Vehicles

U.S. faces sharp drop in electric vehicle sales after tax credit ends

October 5, 2025
Nord Motors SUV
Business

Minister backs Nigerian innovation, picks Nord Demir as official vehicle

October 5, 2025
Next Post
Chinese-made cars in U.S.

Biden's final blow: U.S. bans most Chinese cars over security fears

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

Stellantis

Stellantis recalls 332,000 vehicles in the U.S. over seat belt sensor issues

July 11, 2024
how to buy a car

Ready to buy your first car? Here’s what you need to know

January 14, 2023
Jubril Arogundade, Executive Director CIG MOTORS GROUP

CIG MOTORS GROUP appoints Jubril Arogundade as Executive Director

April 30, 2024
Reliability or style: A showdown between Honda S2000 and Mazda RX-7 classic sports cars

Reliability or style: A showdown between Honda S2000 and Mazda RX-7 classic sports cars

January 18, 2023

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Tesla driver’s fury over autopilot ‘failures’ sparks fresh debate on safety and trust
  • Shell’s launches EV charging fluid that cuts charging time to 10 minutes
  • Gulfstream’s $28m G300 jet sets new standard in super-midsize luxury travel
  • New tech targets EV cable thieves as automakers push boundaries in range and innovation

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In