Warning that lithium prices may fall a further 25pc

Lithium prices may fall by a further 25 per cent before the year is over, according to the lithium giant that will soon be Wesfarmers' business partner.

Chilean company Socieded Quimica Y Minera, better known as SQM, provided the frank assessment in an underwhelming set of quarterly results that included a 6 per cent slide in lithium revenues.