Lithium spot prices fell more 70 percent over that last 14 months over concerns that supply is out growing demand, according to spot prices for lithium carbonate, 99.5% Li2CO3 min, battery grade, traded in China. Investors expect that new supply from Argentina, Australia, and Chile, could add 500,000 tonnes of lithium to the market per year by 2025 and the demand coming from electric car makers like Tesla or smartphone producers like Apple and Samsung has not been enough to drive prices higher. Lithium - data, forecasts, historical chart - was last updated on February of 2020.
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 is expected to trade at 47000.00 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 44000.00 in 12 months time.