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This was marked as solved by Spotify staff. It's not solved after 3 years.
Time for Spotify to catch up and offer at least Lossless CD level quality now like Tidal, Amazon Music, Qobuz do. Spotify premium is compressed sounding.
Spotify has announced that later this year lossless quality is coming and it will be called Spotify HiFi
Check out my blog post about it
Check out this news article for more information:
Five Things to Know About Spotify HiFi
WhatHifi published an article on no lossless, "where-is-spotify-Hi-Fi-???"...
Same complaint about Spotify still not offering Lossless like their competitors do.
+1 for this. It's almost like Spotify doesn't want more of my money. Such a damn shame.