China's lithium industry, which experienced a significant boom in recent years, is now facing a slowdown as prices continue to decline, putting pressure on high-cost miners in the country.
Lithium, a key component in batteries for electric vehicles and various electronic devices, saw a surge in demand due to the global shift towards cleaner energy sources. This led to a rapid expansion of lithium production in China, with many new mines coming online to meet the growing needs of the market.
