Lithium Price Breaks Record on Tight Supply Concerns

Lithium continued a wild ride into 2022, touching new highs as concerns mounted over short supply of the mainstay battery material for powering a fast-growing number of electric vehicles.

Battery-grade lithium carbonate in China soared to a record 316,000 yuan ($49,600) per ton Wednesday in China, adding 100,000 yuan in a month, according to data from metal research firm Shanghai Metals Market.