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Lithium material price reach the near highest port in near 3 years.

Lithium Carbonate traded close to a near 3-year high of 90,000 yuan per tonne, buoyed by rising global demand for EVs, while supplies remained tight. Most economic recovery plans put forward by global leaders bet heavily on the EV industry to transform the transportation sector. European governments offer subsidies to electric-car buyers and sales of alternatively powered cars account now for a third of new passenger cars. China has invested at least $60 billion to support the EV industry and it’s pushing an ambitious plan to transition to all-electric or hybrid cars by 2035 and in the US, President Biden pledged to build half a million charging stations. The supply-and-demand balance for lithium fell into deficit in 2020 and it is expected to continue in 2021 due to lack of investment in mines after prices declined following the boom until 2018. .



State

Lithium reached an all time high of 171000 yuan per metric tonne in October of 2017, according to spot prices for lithium carbonate traded in China. Lithium - data, forecasts, historical chart - was last updated on May of 2021.




Forecast

Lithium is expected to trade at 87513.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 83206.10 in 12 months time.




All of information are from Trading Economics


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