In the first half of 2025, the lithium market experienced a prolonged adjustment period. The price of battery-grade lithium carbonate fell to a four-year low at the end of June, reaching only $8,329 per ton, while lithium hydroxide also declined simultaneously. Despite strong demand for electric vehicles, global lithium mine supply has significantly exceeded consumption needs. According to Fastmarkets' forecast, there will be a surplus of 260,000 metric tons of lithium ore worldwide in 2025.
This situation has been driven by China's capacity expansion and new competition policies, as well as the drag of US policy uncertainties. However, in this context, some lithium mining stocks have achieved considerable gains. Why? Because the market ultimately still believes in long-term trends—energy transition, artificial intelligence expansion, climate change response—all of which are fundamental drivers of lithium demand.
Canadian Lithium Mining Stocks: Three Key Points
NOA Lithium Brines: 58.82%