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...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.