Lithium Prices in Overdrive as China’s Electric-Vehicle Sales Grow

Caixin Global | Jan 12, 2021 at 9:22 PM
  • Lithium prices in China are picking up after sliding to a near historic low in mid-2020, following steady growth in new-energy vehicle (NEV) sales in the world’s biggest market.
  • With state subsidies for NEVs due to fall further this year, there has been a boom in installation of cheaper lithium iron phosphate batteries that can be made without costly cobalt.
  • Sun Jingwen, a senior analyst at Minmetals Securities Co. Ltd., forecast that supplies of lithium carbonate would be tight this year, and there may even be a shortage.