London—With the market turning increasingly bearish on the near-term outlook for the lithium price, major producers continued to back that sentiment with gloomy 2020 predictions, mainly for the carbonate market. It has been a rough year for the lithium price, with a glut of supply being met with so-so demand. However, it is more a supply issue than demand, according to sources. Seaborne lithium prices remained static for the second consecutive week, although several market participants believe the downward pressure seen throughout the year will persist in the coming months.
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