Lithium remained at record low levels in August, trading below 41,000 yuan per tonne as demand remained subdued in China’s lithium market even after economic activity resumed following coronavirus-induced lockdowns. Still, lithium prices are poised for a rally in the next few years, mainly because EV sales are expected to jump, driven by the so-called green recovery plans.
Lithium reached an all time high of 171000 yuan per metric tonne in October of 2017, according to spot prices for lithium carbonate traded in China. Lithium - data, forecasts, historical chart - was last updated on August of 2020.
Lithium is expected to trade at 38348.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 36461.10 in 12 months time.