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Will lithium prices go crazy next year?
time2021/12/28
- Will lithium prices go crazy next year?
With the combination of continued supply constraints and continued demand growth for electric vehicles, global lithium market prices have hit new record highs almost every day this year!
This trend is expected to continue in 2022, driven by limited supply and expectations of good demand.
Since the beginning of 2021, seaborne lithium carbonate prices have risen by 413% to $32,600/tonne CIF North Asia in mid-December, according to Platts Energy Information. During the same period, lithium hydroxide prices rose 254% to $31,900/mt c.i.f. in North Asia.
Some market participants said lithium prices will remain strong in 2022 due to bullish supply and demand.