KUVIMBA Mining House expects to finalise this month a deal agreed with two Chinese companies as it sticks with its $270 million lithium project on the basis that lithium prices will recover, its CEO says.
CEO Trevor Barnard said Kuvimba expects prices to recover more strongly next year, although they were unlikely to reach the record levels seen in 2022.
“That was obviously a bubble driven by huge demand forecasts and huge positive sentiment around lithium,” he said of the 2022 prices.