Lithium Glut to Stay in 2025 Despite Uptick in Chinese Demand

China’s rising electric vehicle sales and manufacturing in recent weeks have pushed up Chinese lithium carbonate spot prices and lithium futures as battery makers begin to restock lithium inventories. Yet, the recent uptick in China’s lithium demand will not be enough to erase the sizeable global glut that has accumulated this year, leaving the market in a likely surplus throughout 2025. Lithium prices have crashed by 80% since their peak in 2022 amid slowing global EV sales with the phase-out of subsidies in several major auto markets,…