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Imperial County outlines Lithium Valley strategy as global lithium prices tumble
Summary
Deputy CEO Barry Bean told the Imperial County Board of Supervisors that global lithium prices have fallen sharply since 2023, and he outlined the county's strategy to preserve investor interest through planning, local fiscal tools and permitting work.
Deputy CEO Barry Bean, who serves as Imperial County's lithium ombudsman, gave a detailed update on the county's Lithium Valley initiative at the board's Jan. 7 meeting and urged continued local alignment to attract investment.
Bean said lithium carbonate and lithium hydroxide prices that peaked in early 2023 have dropped dramatically, noting, "These numbers don't look very promising." He told supervisors the county is seeing roughly an 85 percent decline in carbonate and an 87…
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