Lithium remained at record low levels in October, trading at 39,000 yuan per tonne as demand for lithium is unlikely to return to pre-coronavirus levels in 2020, even after economic activity resumed. Still, lithium prices are poised for a rebounded in the next few year as a lot of the government measures to combat the fallout from the virus are aimed at EVs, and green projects that will boost demand for lithium-ion batteries.
Lithium reached an all time high of 171000 yuan per metric tonne in October of 2017, according to spot prices for lithium carbonate traded in China. Lithium - data, forecasts, historical chart - was last updated on October of 2020.
Lithium is expected to trade at 38348.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 36461.10 in 12 months time.