Lithium price to retreat from record as electric car sales slow
Extracting lithium involves pumping underground water deposits to the surface and then extracting the metal from evaporation pools. (Stock image.) Healthy demand from battery manufacturers and shortages have propelled lithium prices to records, but rising supplies and China removing subsidies for electric vehicles mean a retreat is on the cards. Battery grade lithium prices trading near $85,000 a tonne are more than double the levels seen at the start of 2022 and four times the levels seen in September 2021. China, which bought one of every two electric vehicles sold…
Read More Here
