Lithium carbonate prices in China rallied further to 232,500...

Lithium carbonate prices in China rallied further to 232,500 yuan per tonne, amid higher demand and fears of supply shortages. Bets on long-term scarcity of the light metal set electric battery manufacturers to race against each other to secure lithium supplies through long-term contracts, as supply-chain bottlenecks and environmental opposition limit lithium production. Meanwhile, demand for electric vehicles continues to grow. China, the world’s top lithium-ion battery importer, is expected to double last year’s electric vehicle deliveries to 3 million units in 2021. Citigroup analysts believe lithium demand shall outpace supply until 2025. Elsewhere, Chilean presidential election frontrunner **riel Boric expressed plans on forming a state-owned lithium miner to manage and extract the country’s “lithium triangle”, the largest reserve of the metal in the world.

• • I buy, optimistic about the company's lithium resources.