Lithium spot prices going downNow at 582,500 this morning.
Prices in China fell to CNY 582,500 per tonne from the record high of CNY 597,500 hit November 11th, pressured by expectations of lower demand as mounting Covid cases drove Beijing to ramp up restrictions for businesses and households. In the meantime, the cancellation of subsidies for battery manufacturers starting in 2023 limited demand for production inputs in new energy industries