New Supply Could Help Bring Lithium Prices Back Down To Earth

Lithium prices have turned into one of the red flags in the energy transition as they have climbed inexorably for more than a year, with many expecting the supply of the battery metal to experience a further squeeze in the future. Yet at least one EV maker says it has enough lithium for now in what is a rare piece of good news for the industry.

Chinese BYD, one of the leaders in EV manufacturing, said it even expected a lithium surplus next year as new mines come online. In an interview with Bloomberg, BYD executive vice president Stella Li said…