19 Jun 2025 05:24:15 ET │ 9 pages China Battery Materials Lithium into 3rd week of Jun – Market building surplus, low prices will pressure suppliers CITI'S TAKE Citi Commodity Team updated their 3Q25 lithium outlook this week (see report), downgrading 0-3mth price for SC6 spodumene to US$600/t (from US$700/t) and maintaining 0-3mth price target of US$7k/t for lithium salts – China carbonate (incl. VAT) and hydroxide CIF Asia. The updated balances suggest that the lithium market has been building large surpl ...