Lithium carbonate prices in China traded at 181,000 yuan per tonne in October, the highest on record due to tight supply and stable battery demand. Prices for the silvery-white metal, which is a key ingredient to power electric vehicles, skyrocketed over the past year, as automakers and battery manufacturers race to secure supplies amid a global push for less-polluting energy sources. In addition, demand continued to rebound as the economies recover from the COVID-19 pandemic hit.
Historically, Lithium reached an all time high of 182000 in October of 2021. Lithium - data, forecasts, historical chart - was last updated on October of 2021.
Lithium is expected to trade at 185905.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 201434.90 in 12 months time.