Lithium prices see volatility and potential rise to $20K by 2026, despite current demand issues.

In early 2025, lithium ore prices remained volatile, with high overseas spodumene prices and low domestic lithium chemical prices leading to weak demand. Lepidolite concentrate prices fluctuated due to inconsistent spot cargo quality. Despite a decline in 2024, experts predict lithium prices could rise to $15K by mid-2025 and $20K by 2026. China's lithium hydroxide production grew 25% year-on-year, with a 79% market share concentration among producers.