Lithium Prices30 Oct 2021 14:57
Lithium carbonate prices in China rose to above 190,00 yuan per tonne, the highest on record due to growing demand and tight supply. Prices for the silvery-white metal, which is a key ingredient to power electric vehicles, skyrocketed over the past year, as automakers and battery manufacturers race to secure supplies amid a global push for less-polluting energy sources. According to a new research report from Bank of America's global research department, the global electric vehicle industry faces an imminent threat that its battery supply could run out as early as 2025.