Caixin
Jan 13, 2022 06:11 AM
BUSINESS

Lithium Price Breaks Record on Tight Supply Concerns

Battery-grade lithium carbonate in China soared to a record 316,000 yuan ($49,600) per ton Wednesday in China
Battery-grade lithium carbonate in China soared to a record 316,000 yuan ($49,600) per ton Wednesday in China

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.

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