Get ready for a MEGA-RALLY, world’s largest lithium producer says ...News

Russia Today - Economy
Get ready for a MEGA-RALLY, world’s largest lithium producer says
source : Russia Today ( News ) () 10
With the EV boom squarely in the front view mirror, and with battery gigafactories promising to be heavy-hitting purchasers, lithium prices have started to rise at a fast pace. Several months ago, Chile’s second-largest lithium producer, Albemarle Corp. (NYSE:ALB), warned that global supplies of lithium were on course for a major shortfall in a few years’ time if prices fail to reflect the costs of funding massive expansions amid the EV boom. Specifically, ALB highlighted the chasm between discount-hunting EV manufacturers and lithium producers who were unable to meet growing demand at persistently low prices. But maybe Eric Norris, op

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