Focus: Lithium supply surplus set to stay with battery makers' help

Lithium Production Trends: Despite falling prices and some temporary mine closures, many lithium producers, particularly Chinese operators, continue to maintain production levels to secure market share and ensure steady supply for electric vehicle (EV) batteries, leading to a potential oversupply situation in the coming years.

Investment and Market Dynamics: Investment in lithium mining remains strong, driven by China's strategic interests and partnerships with battery makers, even as some operations face losses; this is expected to keep lithium prices low amid rising global supply forecasts.