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