Lithium Prices Nosedive Amid Weaker Demand

What’s new: The price of lithium carbonate, the key raw material for power batteries, fell by half over four months, reflecting weakened demand.

The spot price of lithium carbonate in China was 290,000 yuan ($42,138) per ton Wednesday, down 30% from the previous month and 41.7% lower than a year ago, data from metal industry information provider Shanghai Metals Market showed. The price fell by more than 50% from the peak of nearly 600,000 yuan per ton in November 2022.