Lithium must stay above $10 per kg to drive capacity buildup, executive says

By Dalila Ouerghi
Published: Tuesday, 29 June 2021

Lithium carbonate chemical prices must remain in excess of $10 per kg to stimulate the creation of new capacity to match the exponentially growing demand, Wei Xiong, vice president of China’s General Lithium, has said.

Wei was speaking during a lithium market webinar hosted by investment bank Morgan Stanley on Friday June 25.

"Demand [for lithium] is very solid," he said, "but supply is flexible and more price-dependent. With different prices, we will have different levels of supply."

Lithium is a key ingredient in batteries...

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