Benchmark Mineral Intelligence reported that this year’s price of lithium carbonate is currently 47 percent higher than the 2015 average. According to the publication, the rise comes as the industry experiences “some of the widest price ranges ever seen.”
As quoted in the market news:
Lithium’s price fortunes are becoming increasingly tied to consumer electronics through its application in lithium ion batteries while other the price of other minerals and metals like iron ore, bauxite, and graphite are still driven by industrial demand, predominately in China.
Interestingly, over the last decade lithium’s price has only once seen a decline, other years have seen at least marginal increases in the single digits.
In addition, 4 out of the last ten years have seen double digit increases for the price of lithium carbonate: 2007, 2008, 2009, and 2015.
There is little doubt that 2016 will be added to this list.