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Lithium carbonate and hydroxide prices have more than doubled in the past year as demand growth for this critical metal continues to be driven by the use of lithium-ion batteries in the electrification of vehicle and energy storage systems.

Lithium pricing

Prices of lithium carbonate assessed by energy storage minerals supply chain price reporting agency Benchmark Mineral Intelligence reached new all-time highs on the back of limited supply and high and sustained lithium ion battery demand in China at the end of Q3, start of Q4.

“Limited available supply within the domestic China market has served to push lithium carbonate prices to these new levels with lithium ion battery demand remaining high and steady after a year of significant growth,” Benchmark Mineral Intelligence said in an October statement.

According to Benchmark Mineral Intelligence, high-nickel cathode chemistries, which require lithium hydroxide, have not been deployed as quickly as expected, at the same time lower energy density, but cheaper, lithium iron phosphate, or LFP, cathodes have dominated the Chinese cell production industry in recent months.

The robust demand for LFP chemistry cathodes in China has placed lithium carbonate at a historically unusual price premium over lithium hydroxide, Benchmark Mineral Intelligence said in October.

“Fundamentally, with little foreseeable downside price risk to carbonate or hydroxide pricing in the near term, as demand continues to outstrip raw material and chemical supply, the lithium industry is well and truly in the throes of its latest price rally, with further record prices expected in the coming months,” the price reporting agency said..

Strong tailwinds for Sayona, correction coming Q4

As Always IMHO DYOR
Stay positive people

)))