Numlock News: September 20, 2022 …

By Walt Hickey Lithium The price of lithium carbonate hit a new record on Friday at 500,500 yuan ($71,315) per ton in China, up more than 1,150 percent from the pandemic-era low in July 2020. The price spikes in lithium, as a critical component of batteries and electric vehicles, may soon present problems in pricing downstream for the electronics and cars that rely on it. Most lithium-ion cells and battery components are made in China, and electricity outages and a coming winter where energy may be in short supply are giving the lithium refiners pause, especially after Sichuan electricity outages in August slammed output in a place that has a fifth of the country’s lithium refinery capacity.

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