The Brutal Economics of EV Battery Lithium: Market Challenges and Outlook

Post Views: 405 lithium Lithium Price Collapse and Its Impact on EV Battery Economics The lithium market faces significant upheaval as prices dropped sharply from over $80,000 per tonne in late 2022 to just $8,450 in June 2025. This price plunge deeply affects the economics of electric vehicle (EV) batteries. Lithium miners, including Chile’s SQM, have responded by cutting production and workforce to adjust to weakening demand. However, government support in China continues to sustain loss-making mines, prolonging oversupply concerns. Meanwhile, slower-than-expected EV adoption tempers lithium...