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China lithium carbonate spot prices appear to have reached their lowest point.
CITIC Futures predicts that China lithium carbonate prices will average CNY 100,000 in 2024.
Many lithium stocks are currently trading near their 52-week lows, presenting potential buying opportunities.
China lithium carbonate spot prices look to have bottomed
The lithium sector has been hit severely the past year, with the lithium spot price down ~80%. As a result, most lithium stocks are now badly beaten down, albeit after a huge rise in 2021 and 2022 as lithium prices surged....