Hang in their peeps,this is heating up rapidly!! MiningBattery...

Hang in their peeps,this is heating up rapidly!!

MiningBattery Metals
Proactive

16:02 Thu 25 Feb 2021
viewPiedmont Lithium Ltd
Australia’s lithium sector looks fondly on growing battery metals market
The metal, a key component in the batteries being used to power the electric vehicle boom, is one of many commodities enjoying a positive run in 2021.

A GlobalData report says global demand for lithium will rise to 117,400 tonnes by 2024.
Australian lithium hopefuls are watching the battery metals market with great interest, as a supply crunch looms and prices rise.
Trading Economics, which provides lithium pricing based on spot prices for battery-grade lithium carbonate traded in China, has the metal sitting at ¥67,500 per tonne, which represents a 45 per cent gain since the start of the calendar year.
A silver-white light metal, lithium hydroxide is used in batteries for EVs and is produced from a chemical reaction between lithium carbonate and calcium hydroxide, hence the price focus on lithium carbonate.
Global commodities analyst S&P Global Platts is of the view that lithium prices will rise further in 2021, as demand for batteries from China grows.
Survey says lithium on the up

A survey conducted by S&P Global Platts has found that the vast majority of those in the sector believe lithium is experiencing a significant upswing.
Some 96 per cent of respondents expect China's demand for lithium metals to rise further in 2021, the report said, with stimulus measures expected to boost demand for EVs.
A whopping 91 per cent and 78 per cent of market participants believe China's battery-grade lithium carbonate and hydroxide prices will be higher this year than last.
There are expectations that the lithium carbonate price could go beyond ¥80,000 per tonne, levels not seen since mid-2018.
The other factor in the lithium market is spodumene, a mineral that is an important source of lithium.
More than half (57 per cent) of respondents believed spodumene supply would remain tight due to expanding lithium carbonate and hydroxide capacity, S&P Global Platts said, which would in turn bolster Chinese lithium metals prices.
It’s not just China, of course. Further to this, a GlobalData report says global demand for lithium will rise to 117,400 tonnes by 2024.