So far this year, we have witnessed several key commodity traders enter into the lithium business. Lithium prices have continued taking out fresh highs, and hit an all-time high just two weeks ago amid booming demand from the electric car market.
Lithium prices have continued taking out fresh highs, and hit an all-time high just two weeks ago amid booming demand from the electric car market.Breaking news: the much-touted commodity market boom is officially over. Metals, energy, and agriculture prices have all tumbled from their March peak as inflationary pressure, higher interest rates and a brawny dollar took a heavy toll on the two-year rally.
have been on a downward trajectory, raising questions about whether the budding commodity supercycle is dead on arrival. There’s a notable exception to that trend, though: lithium. just two weeks ago amid booming demand from the electric car market. According to battery supply chain researcher and pricing agency, Chinese battery grade lithium carbonate hit an all-time high of CNY 564,500 per tonne, or $77,320 a tonne, more than doubling so far in 2022.
Market experts see the latest developments as a big positive for the lithium industry. Until fairly recently, lithium was almost impossible to trade due to prices being fixed in long-term private contracts between the handful of dominant suppliers and their customers, with no need for middlemen.
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