- Write by:
-
Thursday, April 21, 2022 - 14:30:18
-
295 Visit
-
Print
Mining News Pro - Surging lithium carbonate and hydroxide prices in China took a breather in April, according to Benchmark Mineral Intelligence, but for chemical processors and battery manufacturers struggling to deal with prices doubling so far in 2022 the lull is unlikely to last.
The mid-April assessment by the London-HQed battery supply chain researcher and price reporting agency shows battery grade lithium carbonate down just under 1% over two weeks, but still within shouting distance of $80,000 a tonne. In April last year it was trading around $15,000.
Prices for lithium hydroxide, used in batteries with high-nickel cathodes, continued to rise in the first half of April. Hydroxide historically trades at a premium to carbonate and has been playing catch up – the gap is now down to around $400 a tonne, from a nearly $10,000 discount in February.
Benchmark says the slight downtrend in carbonate pricing “was not indicative of a wider market correction, but rather a temporary pause as a result of covid lockdowns in China, with expectations that prices will continue to increase in May if virus measures are eased.”
Short Link:
https://www.miningnews.ir/En/News/621105
Chinese carmaker BYD Co has postponed plans to produce lithium cathodes for electric vehicle (EV) batteries in Chile by ...
Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in ...
China’s CMOC Group Ltd. is being accused by a top US official of using “predatory” tactics to depress prices of a key ...
Australian-based Atlantic Lithium Ltd., which is developing Ghana’s first lithium mine, has taken a step toward raising ...
Truck drivers in Chile staged protests Monday in the mineral-rich north of the country and around the capital Santiago, ...
Democratic Republic of Congo’s government has lifted a suspension order on a Congolese copper and cobalt operation ...
Copper climbed above $10,000 a ton as predictions for tighter global supplies and rising consumption in electric ...
Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains ...
Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at Chinese ports ...
No comments have been posted yet ...