Lithium miners have had a tough year as weak electric vehicle (EV) sales growth led to high stockpiles and sent prices of the metal tumbling down.
The Chinese spot battery grade lithium carbonate prices, fell around 45% to 165,000 Chinese Yuan ($22,561.63) per tonne during the July-September quarter.
Reuters GraphicsAnalysts also flagged additional supplies from new projects coming online to further weigh on lithium prices.
Albemarle is expected to report quarterly results on Wednesday, while smaller rival Livent is scheduled for Tuesday.
($1 = 7.3133 Chinese yuan renminbi)Reporting by Arunima Kumar in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons:
Ivan Alvarado, Raymond James, Pavel Molchanov, Overcapacity, Jefferies, Laurence Alexander, Piper Sandler, Charles Neivert, Kyle Winborne, Arunima Kumar, Krishna Chandra
Organizations:
REUTERS, Albemarle Corp, EV, Reuters, Reuters Graphics, Thomson
Locations:
Albemarle, Antofagasta region, Chile, oversupplied, China, Livent, Bengaluru