Chinese Lithium Oversupply Affects Price
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many global lithium producersVOA
•China is oversupplying lithium to eliminate rivals, US official says
75% Informative
Prices of lithium have fallen more than 80% in the past year largely due to overproduction from China and a drop in demand for electric vehicles.
Falling prices have forced many global lithium producers to scale back production and cut jobs.
Portugal , with some 60,000 tons of known reserves, is already Europe 's biggest producer of lithium, traditionally mined for ceramics.
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