Gigafactory Demand Leads To Price Explosion In Battery-Grade Lithium

Domestic Chinese battery-grade lithium carbonate prices assessed by Benchmark Mineral Intelligence are on a tear in 2021 after bottoming out in the second half of last year, following a lengthy slump. Ex-works lithium carbonate in China (≥99.5% Li2CO3) jumped by 68% to its highest since June 2019 in the first two months on the back of high battery demand, particularly for lithium iron phosphate (LFP) cathode, and a slower-than-anticipated transition to high nickel chemistries, according to Benchmark.    Benchmark’s…