Bolivia, home to the world’s largest lithium resources, is set for a major shift. Chinese battery giant CATL, a global leader in electric vehicle batteries, has confirmed a $1.4 billion investment. This investment aims to develop Bolivia’s untapped lithium reserves and marks a new phase in the CATL-Bolivia partnership.
Lithium-ion Batteries: The Current Standard Lithium-ion batteries have been the industry standard for years, powering everything from smartphones to electric vehicles. However, the extraction and purification of lithium for use in batteries is a complex and costly process. In 2023, the price of lithium carbonate… Read More »The Future of Energy Storage: Lithium and Beyond
The global electric vehicle (EV) market is witnessing a significant growth phase, with China at the forefront. This article provides a concise overview of the latest trends and developments in the EV industry. China’s EV Market: A Powerhouse of Growth In May 2023, Tesla reported… Read More »Riding the Wave of the EV Revolution: A Snapshot of Current Trends
Signs of Lithium Price Stabilization After a significant decline, lithium carbonate prices in China are showing signs of stabilization. Industrial-grade lithium carbonate price rose by RMB 2,500 ($362) per ton, averaging RMB 137,500 per ton, marking the first single-day increase this year. Battery-grade lithium carbonate… Read More »Lithium Prices in China Experience First Increase This Year Amid Short-Term Rebound Predictions
Introduction The lithium market is currently facing a perplexing situation, with Fastmarkets reporting a spodumene price increase from the previous $4,850 per tonne to a new price of $5,313 per tonne, while Chinese lithium carbonate and hydroxide prices continue to decline. This article will analyze… Read More »The Lithium Market Conundrum: Spodumene Price Reversal Amid Chinese Lithium Carbonate Downtrend
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