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20 Nov

Ongoing battery metals price drop unlikely to revert in 2023: BMI

Price average for Chinese lithium carbonate, nickel and cobalt have dropped considerably this year amid weak global market fundamentals, according to Fitch Solutions’ BMI. Analysts at the research house estimate that year-to-date, China lithium carbonate prices have plummeted 72.6% on-year to $19,673.9/tonne, as of 16 November. Cobalt prices have dropped nearly 36% to reach $33,420/tonne, while nickel also saw a strong decline of 42%, with prices currently…
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