2024-06-24 15:20:59 ET
Summary
- Lithium prices peaked in November 2022 before plunging, with a chart showing an 80% decline since late 2022.
- Global lithium consumption is rising, especially in lithium-ion batteries for various devices and electric vehicles.
- Australian company Pilbara Minerals Limited is the world's sixth-leading lithium producer, with a bullish trend since the 2020 low and potential for price recovery.
Lithium is a rare silvery-white chemical element with the symbol Li. It is an alkali metal with many industrial uses and is the least dense solid element. Lithium is a highly combustible solid that reacts violently with water. The metal, powder, or dust may also spontaneously ignite in the air....
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Pilbara Minerals Limited: Lithium's Bear Market Could Be An Opportunity