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EV Slump Forces China’s Top Lithium Producers To Set Price Floor ...Middle East
China's top lithium producers, including Tianqi Lithium and Ganfeng Lithium, have reportedly agreed to establish a minimum price of 250,000 yuan or $36,380 per tonne of lithium carbonate to slow down the plummeting price of the crucial raw material for batteries. The agreement was met at a gathering of roughly ten firms in Nanchang, southern China, on Tuesday this week amid the backdrop of slowing demand for electric vehicles, particularly in China, which has weighed on lithium prices. Since November, lithium prices have shed more…
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