China's top lithium producers agreed this week to set a floor price of 250,000 yuan ($36,380) per tonne of lithium carbonate, six people familiar with the matter said, in an effort to slow a plunge in the price of the battery raw material.
that met on the sidelines of a conference in Nanchang in southern China, said one person who attended the meeting and five others briefed on the discussions.
The move comes as lithium prices plunge on a significant slowdown in demand for electric vehicles in China, the world's largest EV market.picking up paceIt is not clear how long the companies, which account for over half China's lithium carbonate output, will follow the floor price. Offers as low as 150,000 yuan were also heard in the market this week as traders sought to offload mounting stocks, said a buyer for a battery manufacturer who did not attend the meeting of lithium producers.
However, some buyers were sceptical that producers would stick to the floor price, given the sluggish demand.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Kelly Ripa Recounts Having to Share a Bathroom With Her Studio Audience of 250 PeopleIn her early years as co-host, ABC underpaid Ripa, denied her maternity leave and paid vacation, and gave her a janitor's closet while the men had real offices.
Lire la suite »
Ancient giant amphibian that lived 250 million years ago, swam like modern crocodilesScientists have identified this large predatory amphibian as rhinesuchid temnospondyl, which once occupied parts of South Africa.
Lire la suite »
WSJ News Exclusive | Disney Lays Off More Than 300 Streaming-Focused Employees in ChinaDisney has laid off more than 300 employees in Beijing who worked on its streaming services, according to people familiar with the situation
Lire la suite »
WSJ News Exclusive | China Deploys Its Corruption Hunters AbroadG-20 nations are among the first destinations planned for anticorruption inspectors, whose deployment risks intensifying alarm over the expansion of Beijing’s overseas activities.
Lire la suite »
WSJ News Exclusive | China Is Sending Its Corruption Hunters to a Country Near YouG-20 nations are among the first destinations planned for anticorruption inspectors, whose deployment risks intensifying alarm over the expansion of Beijing’s overseas activities.
Lire la suite »
Exclusive: Tesla's Musk planning to visit China, seeking meeting with premierTesla Chief Executive Elon Musk is making plans to visit China as early as April and is seeking a meeting with China's Premier Li Qiang, two people with knowledge of planning for the trip told Reuters.
Lire la suite »