Australia-listed lithium producers see little respite from difficult market conditions for the rest of 2019 amid reduced demand from Chinese customers after a change in the country’s electric vehicle subsidies and global trade tensions.
Orocobre Ltd, which produces lithium carbonate from Argentina, and Pilbara Minerals Ltd, which produces Australian concentrate, both flagged high global inventories of lithium this week as the result of a ramp up in delays by chemical converters.