“Chinese language market contributors have been shocked that China’s lithium costs continued to rise quickly after the current Lunar New Yr holidays, despite the fact that lithium producers within the nation have resumed manufacturing this week,” Fastmarkets mentioned.
“Even when these outputs can be found, general spot provide will nonetheless stay tight,” mentioned the company.
“Battery-grade lithium carbonate items are so scarce within the spot market that value is just not the first concern for downstream shoppers. They’re trying all over the place for obtainable items. However there are few sellers who nonetheless have any spot provide,” a 3rd Chinese language lithium producer supply instructed Fastmarkets.
International EV gross sales jumped 83% year-on-year in 2021, insights from Adamas Intelligence present.
In line with the market analyst, over 98% of all watt-hours deployed final 12 months went into plug-in electrical automobiles alone, each battery electrical automobiles (BEVs) and plug-in hybrid electrical automobiles (PHEV).
Adamas Intelligence’s report additionally factors out that 2021 noticed a record 286.2 GWh deployed onto roads within the batteries of latest passenger EVs globally, a 113% leap over 2020.