The price of battery-grade lithium carbonate has crashed in the last 12 months. This downward pressure is attributed to oversupplied markets in Asia, primarily because the global adoption rate of electric vehicles has notably slowed amid high interest rates.
By Nicholas Larsen, International Banker It was among the best-performing commodities during the previous two years, as the breathless rally beginning in late 2020 saw the price of lithium skyrocket, largely off the back of booming sales of electric vehicles (EVs).
Lithium Stocks Crashed. Now We Know Why. What It Means for Tesla, EV Battery Stocks. Lithium stocks cratered on Friday. Then, the reason was a mystery. Now, investors know why: The world’s largest electric-vehicle battery maker, Contemporary Amperex Technology Co., or CATL, changed its pricing strategy.
Lithium stocks were badly hit Yesterday following a couple of bearish analyst notes. Credit Suisse reported rumors of a major cathode producer in China reducing production, threatening to slow down the battery metal's impressive run in 2022, just days after lithium prices reached another all-time high.
The price of battery-grade lithium carbonate has crashed in the last 12 months. This downward pressure is attributed to oversupplied markets in Asia, primarily because the global adoption rate of electric vehicles has notably slowed amid high interest rates.
Lithium Stocks Will Do Fine Even as Lithium Prices decrease. Here's Why. | Barron's Despite the decrease in lithium prices, lithium stocks are expected to perform well.
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High Voltage: Why did lithium stocks get pounded yesterday
Lithium stocks were smashed yesterday after a couple of bearish analyst notes threatened to tap the brakes on the battery metal''s outstanding run in 2022. Just days after lithium prices hit another all-time high, Credit Suisse said there were rumours that a major cathode producer in China was reducing production.
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Prices for lithium, a key component in all electric-vehicle batteries, have soared in recent years. They are down from peak levels and are expected to fall further from today''s levels....
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Why Are Lithium Prices Collapsing?
The surge in demand for lithium batteries amidst a China-led EV boom—in the face of a largely constrained global supply of lithium that could not keep pace with it—underpinned the blistering price rally observed throughout 2021 and much of 2022.
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Slowing growth in electric vehicle sales, including in the top EV market, China, and a market oversupply in battery metals sent lithium prices crashing by 80% in the past …
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Slowing growth in electric vehicle sales, including in the top EV market, China, and a market oversupply in battery metals sent lithium prices crashing by 80% in the past year, prompting lithium...
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Since November 2022, the average price of battery-grade lithium carbonate in China plunged from $84,500 per metric ton to $18,630, or about a 78% decline. According to forecasts from industry...
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What Caused the Dramatic Drop in Lithium Prices?
The price of battery-grade lithium carbonate has crashed in the last 12 months. This downward pressure is attributed to oversupplied markets in Asia, primarily because the global adoption rate of...
Learn More
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