Stubbornly resilient lithium supply remains hurdle to recovery
Lithium prices have plunged since late 2022 on oversupply and slower-than-expected growth in electric vehicle demand.
The owner of what was once Nunavut’s first and only diamond mine, Shear Diamonds Ltd., on Dec. 8 struck a deal with a Belgian diamond dealer that will give Shear the cash it needs to recover and sell diamonds from the mothballed site’s existing stockpiles.
