“The most likely outcome is an environment where commodity prices can settle from the extraordinary highs of 2021. But there are plenty of risks to this outlook," says Wood Mackenzie.
Chinese lithium carbonate prices rose to a fresh record on Monday, as data showed a 35% month-on-month jump in electric-vehicle registrations in December.
Chinese lithium hydroxide prices experienced a double-digit percentage growth for two weeks in a row amid tight supply and strength from China’s lithium carbonate market.