Chinese battery-grade lithium prices surge 21% in first half of January; battery makers move to secure supplies

Chinese battery-grade lithium carbonate prices rose by 21% in the first two weeks of January, adding further cost pressures to battery makers who are moving to secure their own supplies of the key raw material.

China battery-grade lithium carbonate hit a record high average of RMB 302,500 ($47,500) a tonne, according to Benchmark’s Lithium Price Assessment, bringing prices up by 495.9% compared to the end of January 2021.

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