Smart and Sustainable Electric Mobility
Battery-grade lithium carbonate has fallen more than 10 percent compared to mid-November when prices reached as high as RMB 590,000 per ton.
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BYD has made a strategic investment of RMB 2 billion in Chengxin Lithium, acquiring a 5.11 percent stake.
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Gotion High-tech was awarded the mining right for a period of five years, with a design production scale of 3 million tons per year.
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Lithium carbonate prices have stopped rising for the first time in nearly 18 weeks, with buyers in a growing wait-and-see mood and sellers starting to loosen their offers.
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Morgan Stanley sees the price of lithium carbonate in China falling to $47,500 per ton in the second half of 2023, implying a 35 percent drop from the current spot.
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