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China’s lithium prices surge amid growing sales of electric vehicles, tight supply

Last updated on January 13, 2021

Lithium prices in China have been surging after hitting a near record low in mid-2020, driven by tight supplies and robust growth in new-energy vehicle (NEV) sales in the world’s biggest auto market.

Prices for battery-grade lithium carbonate, a key metal used in batteries for electric vehicles, surged to 59,000 yuan ($9,102) per tonne on Monday, up by nearly 50 per cent from the prices in August 2020, according to data . . .

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