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Business Insider reported on the lithium market in the past year.
Business Insider reported on the lithium market in the past year.
Jonathan Lee said:
Demand, which has enjoyed double-digit growth year over year (YOY), continues to outstrip supply. Higher growth from the battery sector has had many of the companies playing catch-up with their buyers. Talison Lithium Ltd. (TLH:TSX) completed its expansion in June. FMC Lithium Corp. (FMC:NYSE) also expanded its facility early this year, but it has been having some weather-related delays, which have added further supply constraints. The lithium price increased roughly 15–30% YOY. It’s really been a very strong market for lithium suppliers since last October.