Lithium spot prices are starting to change direction upward but it will take time for a rebound across the whole lithium complex, Fastmarkets head of battery raw materials research and base metals William Adams during a panel discussion at the Lithium Supply & Markets conference on Monday October 26.

Achieving timely investments into capacity expansions will be a leading challenge for the lithium industry in the coming years to meet the expected growth in demand, attendees of Fastmarkets’ Lithium Supply & Markets 2020 virtual conference heard.