The lithium market has seen a significant price drop from CNY 600,000/ton to below CNY 100,000/ton due to increased production and reduced demand in China. Chile is planning to open new lithium extraction areas, with major companies in talks with the government. Core Lithium has halted operations at its Finniss site due to market conditions. Janus Henderson (NYSE:JHG) remains optimistic about lithium, predicting a price normalization and increased M&A activity. Kali Metals had a successful IPO on the ASX, indicating continued investor interest in lithium exploration.