RE:Here we go !!! Lithium prices rocket 🚀 🚀🚀
Lithium Carbonate, which is a critical ingredient in lithium-ion batteries for electric cars, surged to 85,000 yuan per tonne for the first time since August of 2018 after government incentives boosted demand for the metal while supplies remain tight. European governments offer subsidies to electric-car buyers and sales of alternatively powered cars account now for a third of new passenger cars. In China, electric vehicles sales more than tripled in January from a year earlier and in the US, President Biden pledged to build half a million of charging stations. The supply-and-demand balance for lithium fell into deficit in 2020 and it is expected to continue in 2021 due to lack of investment in mines after prices declined following the boom until 2018.