“Lithium Jumps Again as Miners Can’t Keep Up With Battery Boom”
October 6, 2021
“Prices have more than doubled in the past year, according to a Benchmark Mineral Intelligence index of lithium carbonate and hydroxide. Demand for the materials used in electric cars and renewable-energy storage has soared and, while miners are seeking to boost supply, there’s not enough to meet consumption…
Prices are climbing across the supply chain. Pilbara Minerals Ltd.’s second auction of spodumene concentrate — a partly-processed form of the material — attracted a top bid of $2,240 a ton for a cargo of 8,000 tons, up from $1,250 in its inaugural tender in July. China lithium carbonate has almost doubled in just two months, and lithium hydroxide is up more than 70% in the period, according to Asian Metal Inc. data..”
https://finance.yahoo.com/news/lithium-jumps-again-miners-t-042757727.html.