Battery metal price plunge is closing mines and stalling deals – ET Auto
Baua Electric
JANUARY 10, 2024
Lithium — the ultra-light metal used in electric-vehicle batteries — has plunged more than 80% from a late-2022 record, as the market whiplashed from shortage fears to a mountain of surplus inventories. The auto industry had shown signs of becoming an key source of funds, as companies such as Ford Motor Co. Chemaf Resources Ltd.
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