Lithium prices continue to soar – up 88% in 2021

Lithium prices continue to rise exponentially in China on the back of heavy demand for lithium iron phosphate (LFP) batteries, the first ever mid-month assessment by battery supply chain research and price reporting agency Benchmark Mineral Intelligence shows.


#China controls 60% of the world’s #lithium processing and #refining capacity and a similar percentage of cathode manufacture.



Tesla Surprises The Electric Car Industry


In December 2020, only its second full month of sales, the 55KWh lithium iron phosphate (LFP) battery Tesla Model 3 captured 5.9% of the global full electric car market in terms of battery capacity deployed despite not being for sale in the US.”

The demand for #lithium will continue to increase creating even further pressure on electric vehicle prices.






2 views0 comments

Recent Posts

See All

On February 18, 2022, Reuters reported that "Pentagon plans to boost the stockpile of rare earth metals, cobalt and lithium it manages for the U.S. government to reduce its long-term dependence on Ch

On August 31, 2022, Pierre Andurand said via Twitter "The oil futures market is completely broken. Moving down $10 in a day for no apparent reason". It's worth asking - is the oil futures market bro

Congratulations to Washington Post for offering a different perspective why Russia invaded Ukraine. It's not a coincidence that TerraManta shares this perspective since 2014 when Russia illegally anne