Chinese lithium prices soar – 2021 in review

The Chinese domestic lithium market had a bullish start to 2021, with battery grade carbonate rising by 91.8% in the first quarter, writes Benchmark analyst Daisy Jennings-Gray. This was underpinned by increasing demand for lithium iron phosphate (LFP) cathode material against the backdrop of limited investment into the supply-side of the industry during three years of falling prices prior to 2021.

Lithium hydroxide soon followed suit, driven by fears over tightness in the structurally smaller chemical . . .

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