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Yet Benchmark’s global average lithium prices have held steady since April’s record high levels, with Chinese technical and battery-grade lithium carbonate prices continuing to increase. That’s in stark contrast to other battery metals such as cobalt and nickel, where prices have fallen this year.
Since the beginning of June Chinese battery-grade lithium carbonate prices have increased marginally but year-to-date Chinese battery-grade lithium carbonate prices have risen by 90% while lithium hydroxide is up by 127%.
At the same time competition for future lithium has only intensified as automakers from Ford to Stellantis sign agreements to lock up supply.
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ESS Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
