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TrendForce: Material costs have slightly risen, and it is expected that Cell prices will stabilize in Q1 2025.
According to the latest survey by TrendForce, in 2024, after a long decline, prices of Cell in China Shipbuilding Industry Group Power and energy storage are expected to stabilize by the fourth quarter.
The "cold winter" is not over yet! Industry worries: lithium prices are still difficult to achieve a significant rebound this year.
① After experiencing two years of cyclical adjustments, many industry insiders predict that Lithium prices may still face challenges in 2025; ② With the ongoing surplus in Lithium supply, and the possibility that some mines might restart if prices rise, it means that this Battery Metal may still be unlikely to see a significant rebound this year.
The risk of oversupply is hard to diminish. Analysts say that lithium prices are more likely to fall than to rise this year.
The stubborn elasticity of lithium supply remains an obstacle to recovery.
Stubbornly Resilient Lithium Supply Remains Hurdle to Recovery
China Nonferrous Metals Industry Association: In November, domestic lithium carbonate prices saw a slight rebound.
The trade-in policy has been strengthened, and the production and sales of Batteries and Electric Vehicles continue to show rapid growth.
Lithium-Battery Prices Poised for Modest Rise Next Year -- Market Talk
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