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China's Lithium Prices Plummet, 35% Below Global Rates, Raising Concerns for Electric Vehicle Industry

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Published Oct 11, 2023, 12:38 PM

Lithium prices are experiencing a significant decline globally, with China being particularly affected. The key battery metal is trading at a substantial discount compared to the United States. According to Bloomberg, lithium prices in China are currently 35% lower than world prices. This drop in prices is attributed to doubts surrounding the demand for electric vehicles in China. Despite the current plunge, there are concerns that the decline in lithium prices may not be over yet. It is important to note that falling prices do not necessarily translate to falling margins in the lithium industry. Both the United States and China are actively racing to secure lithium resources, highlighting the importance of this metal in the growing electric vehicle market.

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Michael Pettis

@michaelxpettis

Lithium prices are plunging around the world, according to Bloomberg, but especially in China, where it is trading at a 35% discount to world prices. https://t.co/PZGANMRjUI via @markets

Caixin Global

@caixin

Lithium prices are plunging around the world, but the slump is particularly glaring in China, where the key battery metal is trading at a big discount versus the U.S. https://t.co/Am1rCiALVc

Financial Times

@FT

China lithium: falling prices do not mean falling margins https://t.co/l74cJPmX2e | opinion

China's Lithium Prices Plummet, 35% Below Global Rates, Raising Concerns for Electric Vehicle Industry

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