Is the Pilbara Minerals share price set to make a stellar comeback in 2025?
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It has been a year to forget for shareholders of some ASX lithium shares. The Pilbara Minerals Ltd (ASX: PLS) share price has dropped a painful 37% in 2024, as shown in the chart below. However, one bad year doesn’t necessarily mean there’s no hope for the ASX mining share.
It’s common for resources to go through cycles of high prices and low prices, depending on what’s happening with supply and demand.
Lithium is an interesting commodity because global demand is increasing over time. However, supply has also increased, which is a major part of the problem for the ASX lithium shares.
Considering the current low valuation, it’s worthwhile asking whether the Pilbara Minerals share price can turn around next…
