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21 Jan
10:18

LITHIUM, COBALT: Prices to continue rising on battery demand growth

The upward trajectory of lithium carbonate prices is expected to continue throughout 2021 as demand for lithium-ion batteries increases, Shanghai Metals Market (SMM) said on Thursday. In a webinar attended by Kallanish, SMM analyst Miranda Mei detailed that lithium carbonate prices in China are forecast to rise to an average of RMB 65,000 ($10,000) per tonne during first quarter this year, rising as high as RMB 70,000. This is primarily driven by demand for lithiu…
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