Lithium supply cuts in China provide temporary floor

Goldman

According to Reuters , CATL plans to make adjustments on its Jiangxi integrated lepidolite-to-lithium carbonate production. While there is lack of clarity on the quantification of production cut, we estimate the potential impact on global supply would be 3.9% for 2024E, and 5.2% for 2025E, if assuming a full production cut. In the meantime, we expect th…