Quote from gxy quarterly ( not many commodities have increased...

Quote from gxy quarterly ( not many commodities have increased in value in the last 12 months )

1. Growth in the lithium market continues to be robust, with pricing for the first half of the year showing a significant increase. As at the end of the quarter, spot pricing of lithium carbonate was reported at US$7,000/tonne, up from approximately US$5,800/tonne at the end of 2014. This has been driven by the continued growth of anticipated demand coming online from major lithium battery projects, including those of LG Chem, Tesla’s gigafactory, Samsung SDI, Foxconn and BYD. On the supply side, response to market demand has been poor, with continued delays in new production coming online from both planned expansions and new development projects in South America.