Lithium carbonate prices were at the CNY 300,000 per tonne level in late May, the highest since March and holding the sharp rebound from the 19-month low of CNY 165,500 from April 24th amid a recovery in demand for electric vehicle batteries. The latest data showed that NEV sales and output in China both soared by 110% year-on-year in April, trimming concerns about poor demand levels at the start of the year. During the first quarter, the drop in demand coincided with a significant oversupply of batteries as producers took advantage of final inflows of government subsidies and ramped up production until the end of 2022, creating unsustainably high inventory levels. Robust expectations for longer-term demand also supported lithium prices, as government incentives to switch to EVs lead analysts to forecast that lithium demand by 2040 will be 16 times higher than present-day levels.

Historically, Lithium reached an all time high of 5750000 in December of 2022. Lithium - data, forecasts, historical chart - was last updated on June of 2023.

Lithium is expected to trade at 292353.25 CNY/T by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 277448.50 in 12 months time.

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Price Day Month Year
Gold 1,976.29 13.99 0.71% -1.98% 5.79%
Silver 23.86 0.382 1.62% -6.02% 7.09%
Copper 3.70 0.0755 2.08% -3.73% -18.63%
Steel 3,519.00 45.00 1.30% -2.03% -21.19%
Iron Ore 100.00 -3.50 -3.38% -4.76% -27.80%
Lithium 297,500.00 0 0% 67.61% -36.50%
Platinum 1,006.23 9.98 1.00% -5.56% -1.59%

Trading Economics provides Lithium pricing based on spot prices for Lithium Carbonate, 99.5% Li2CO3 min, battery grade, traded in China. Lithium is a silver-white light metal. Lithium hydroxide is used in batteries for electrical vehicles and mobile phones. Lithium hydroxide is produced from a chemical reaction between lithium carbonate and calcium hydroxide. The biggest lithium producers are Chile, China, Australia and Argentina. The largest lithium importers are China, Japan, South Korea and the United States.
Actual Previous Highest Lowest Dates Unit Frequency
297500.00 297500.00 5750000.00 39000.00 2017 - 2023 CNY/T Daily