More pain tipped for lithium stocks as rout takes hold

Brokers are warning that the plunge in lithium is not yet baked into stock prices, spelling more trouble for the Australian sharemarket’s worst performers over the past year.

It comes as the price of spodumene fell below the key $US1000-a-tonne level for the first time since March, according to S&P Global Platts. At $US970 a tonne, prices have now dived 88 per cent from the record highs above $US8000 a tonne reached in 2022.