Lithium price
Info.
The lithium price in China continues to stand at the
Lithium carbonate prices in China rose in September to a record high of
record high of 501,500 yuan/ton, up over 80% since the beginning of the year.
over 80%. The rising demand coincides with a lower
Offer together. Financial incentives offered by local Chinese
governments drove demand for electric vehicles in the world's second
world's second-largest economy, recording a 100% year-on-year increase in August.
a 100% year-on-year increase. In the U.S., demand for
Demand for electric vehicles is also expected to rise,
as the newly passed "Inflation Reduction Act" will increase the
extended the tax incentives for the purchase of new electric vehicles
extended - but only for vehicles manufactured in the USA. On
On the supply side, the energy crisis in China, caused by record-breaking
caused by record-breaking heat waves, prompted several lithium producers in
lithium producers in Sichuan to shut down operations, which in the short term
contributed to rising lithium costs in the short term. The shortage
prompted automakers to compete for long-term supply contracts, including
compete, including Ford and Stellantis. Tesla is also considering building
its own lithium refinery in Texas.