Lithium prices fell due to oversupply

Lithium prices in the international market fell from $16,500 MT in 2018 to $10,500 MT in 2019, due to the oversupply. Despite the drop, new lithium projects in the region are developing and so is the technology for its exploitation. In Mexico, a 100,000 hectare project is being developed in Sonora, and a fund created by Bill Gates invested in Lilac Solutions, to develop sustainable methods for lithium extraction.

Source: El Diario