Yichun, known as the ‘lithium capital of Asia’, faces challenges due to a drastic fall in lithium prices. Once thriving on the demand for electric-vehicle (EV) batteries, many in this Jiangxi province city now struggle. Companies are reducing or halting production to mitigate financial losses.… Read More »Lithium Price Decline Hits Yichun, China’s Key Production Hub
The lithium market, pivotal for the battery industry, has been on a rollercoaster ride in 2023. With the world’s accelerated shift towards renewable energy and electric vehicles, lithium, an essential component in rechargeable batteries, has been in high demand. However, the paradox of 2023 lies… Read More »Lithium Price Trends 2023: From Oversupply to Looming Demand Challenges
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