...so why isn't Spod and lithium prices moving higher?
...notice that growth is singlehandedly explained by increasing share of EV in China
...what contributed to EV growth in China? Well, lower lithium and battery prices certainly helped
...don't conflate EV growth with higher lithium price. Lower lithium price enabled EV growth (in China) but EV growth isn't translating into higher lithium prices.
Good morning with good news:
Global EV sales rose 20% in August 2024, compared to August 2023! EVs reached ~22% of the global market. EVs will reach ~50% of global auto market by 2028, given 20% growth. China also broke its sales record in September!
