Surge in electric vehicle sales power lithium prices as shortages loom
THE SPOT PRICE FOR LITHIUM CARBONATE EQUIVALENT (LCE) WAS $19,000.00 US A METRIC TON. THIS IS UP FROM SEPT 02 PRICE OF $ 15,500.00,SO AN INCREASE OF $3500.00 OR A GAIN OF22.5 % IN ONLY 10 DAYS. THE PRICE OF LITHIUM IS RISING FASTER THAN THE FORECAST FOR A 300 % RISE BY 2025. THIS SPOT PRICE IS FASTMARKET’S SEABORN PRICES OF TRADES BETWEEN CHINA, SOUTH KOREA AND JAPAN. MANY PUBLICLY TRADED LITHIUM COMPANIES ARE UP SEVERAL HUNDRED PERCENT OVER THE PAST FEW MONTHS. ONE WORLD LITHIUM, ONE OF...
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