Chinese lithium prices hit records as EV sales take off; nickel at 7-year high
Green Car Congress
JANUARY 1, 2022
Chinese lithium carbonate prices soared in 2021, due to a surge in demand for lithium iron phosphate (LFP) batteries in the country, according to the end-of-year analysis by Benchmark Minerals Intelligence. Transacted prices in China began to breach the RMB 200,000/tonne mark in November—a historical milestone for lithium pricing. Battery-grade lithium carbonate ended the year at an average price of RMB 250,000/tonne ($39,250), well above any previous records.
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