Lithium carbonate prices in China were at 495,500 yuan/tonne in September, a level not seen since prices hit a record-high of 497,500 in March of this year as soaring demand trends coincided with a supply crunch. Fresh data from the Shanghai Metals Markets pointed to a 108% surge in carbonate imports in China, as the rebound in economic activity renewed demand for new energy vehicles. In the US, demand for electric vehicles is set to increase as the newly passed “Inflation Reduction Act” extends tax breaks for new electric vehicle purchases. On the supply side, the energy crisis in China brought by record-setting heat waves led multiple lithium producers in Sichuan to suspend operations, adding to the upside of soaring lithium costs in the near-term.
Historically, Lithium reached an all time high of 500000 in March of 2022. Lithium - data, forecasts, historical chart - was last updated on September of 2022.
Lithium is expected to trade at 499148.75 points by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. Looking forward, we estimate it to trade at 519636.75 in 12 months time.