Lithium Approaches 1-Year High

2025-11-12 13:12 By Andre Joaquim 1 min. read

Lithium carbonate futures were over CNY 83,000 per tonne in November, the highest since the one-year high of CNY 85,680 in August, amid signs of stronger demand for batteries and power infrastructure.

China signaled its latest support to the electric vehicle industry and lithium-rich energy storage systems with compensation mechanisms for power storage infrastructure, doubling EV charging capacity to 180 gigawatts by 2027.

Also, output of new energy vehicles in China rose by 33.1% in the first ten months of the year, with October sales reflecting 51.6% of the market share, the first majority for new energy vehicles on record.

On the supply front, markets continued to assess the magnitude of intervention that Beijing will enforce due to its anti-involution initiative.

Chinese authorities approved reportedly approved reserve reports for the restart of activity in CATL's Jiangxi mine following its brief suspension, enabling activity in the mine responsible for 3% of global supply.



News Stream
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