Battery grade lithium prices in China surge 68%

Domestic Chinese battery-grade lithium carbonate prices assessed by Benchmark Mineral Intelligence are on a tear in 2021 after bottoming out in the second half of last year, following a lengthy slump. 

Ex-works lithium carbonate in China (≥99.5% Li2CO3) jumped by 68% to its highest since June 2019 in the first two months on the back of high battery demand, particularly for lithium iron phosphate (LFP) cathode, and a slower-than-anticipated transition to high nickel chemistries, according to Benchmark. 

Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.

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