Lithium prices are skyrocketing worldwide, driving up the cost of electric vehicle manufacturing at a moment when car developers are re-orienting huge portions of their output to developing EVs.
Lithium “hit a fresh record of 500,500 yuan ($71,315) a ton in China Friday, according to data from Asian Metal Inc,” Bloomberg reported this week .
That represents roughly a tripling of lithium prices in that country over the past year. Disruptions to the electric grid in Sichuan—where one-fifth of China’s lithium processing takes place—have contributed to the soaring prices.Doug Mehl, an analyst with consulting group Kearney, told Yahoo News that the […]
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