Let’s dig deeper to see what is happening with this commodity
sees demand for lithium up 2.5 times by 2025 and doubling again by 2030. Chinese demand is critical to which of these plays out.
A number of mostly Chinese related actions have resulted in the price of lithium dropping in the last four months. In January, the Chinese government halted subsidies for buyers of electric vehicles. Knowing the subsidies were coming to an end, battery production in the fall of 2022 was high leading to a current oversupply. CATL , the world’s largest battery manufacturer, started offeringto automakers to lock them in as customers.
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