Lithium prices fell 25% in the past month, but an analyst expects a rebound
Current prices now run below US$1700 a tonne, while the analyst expects US$2250 a tonne on average this year.
Lithium stocks have been hit hard since May, when a strong price rebound began to fade. Prices for lithium carbonate, a chemical, and spodumene, a lithium-rich rock, dropped 25% in the past month.
Current prices now sit below US$1700 a tonne. The drop comes during a weak season for demand, just before China's Golden Week holiday.
Argonaut analyst Hayden Bairstow says the basic outlook for the sector remains positive. Argonaut expects average spodumene prices to rise from US$1570 a tonne in FY26 to US$2250 this year.
Bairstow says producers will look extremely cheap if prices head back towards US$2000 a tonne. Demand for lithium from big battery storage systems ran 51% higher in 2025, according to Benchmark Mineral Intelligence.
- 25% in the past month
- Spot price fall
- below US$1700 a tonne
- Current price
- US$2250 a tonne average this year
- Argonaut forecast
Why it mattersArgonaut's Hayden Bairstow says battery storage demand has come in spikes, adding to market ups and downs.
AustraliaLithium miners listed on the Australian share market, such as Liontown and PLS Group, feel these price swings.
✓ Claims checked against the source and corrected before publish. checked 54 min ago
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