In 2022, the average price of battery-grade lithium carbonate was estimated at 37,000 U.S. dollars per metric ton. This figure is by far the highest price for battery-grade lithium carbonate recorded in the period of consideration. Lithium is a highly reactive soft and silvery-white alkali metal. As the third element in the periodic table, it has 3 protons in its nucleus and three electrons around it. As a result of being highly reactive, it cannot be found in its pure form in nature. Lithium is the least dense of solid elements and the lightest out of all metals.
Lithium and batteries
One of lithium’s most well-known end uses is in lithium-ion batteries. Lithium-ion batteries are rechargeable and mostly used in portable electronics and electronic vehicles. In lithium-ion batteries, the lithium ions move from the negative electrode to positive electrode while in use, and the process is reversed while charging. These batteries are highly flammable but are also low-maintenance. They have a high energy density and a low self-discharge. Some drawbacks include the fact that they are expensive to manufacture, and that they require protection circuits to maintain the voltage safely. Lithium-ion batteries are also the single-largest end use of lithium, amounting to an 80 percent share of global lithium consumption in 2022.
Lithium demand forecasts
Looking to the future, lithium demand is forecast to double in the second half of the decade, surpassing two million tons by 2030. This growth will be mainly driven by lithium-ion battery demand for electric vehicles. Demand is expected to remain the highest in China, which will consistently account for half of global lithium-ion battery demand.
FAQs
In 2022, the average price of battery-grade lithium carbonate was estimated at 37,000 U.S. dollars per metric ton. This figure is by far the highest price for battery-grade lithium carbonate recorded in the period of consideration. Lithium is a highly reactive soft and silvery-white alkali metal.
How much does lithium carbonate cost? ›
How much does Lithium Carbonate cost without insurance? Without insurance, customers can expect to pay $28.23 for 90, 300MG Capsule for Lithium Carbonate, but this price may vary.
What is the current lithium price? ›
The live price of Lithium is $ 0.001563 per (LITH / USD) with a current market cap of $ 8.19M USD. 24-hour trading volume is $ 496,093.81 USD. LITH to USD price is updated in real-time. Lithium is -3.49% in the last 24 hours with a circulating supply of 5.24B.
What is the price of lithium carbonate per ton? ›
As of September 2023, lithium carbonate prices were assessed at USD 29,000 per metric ton.
What is the demand for lithium carbonate in 2022? ›
Lithium supply and demand globally 2022-2030
In 2030 the global demand for lithium is expected to be more than quadruple the demand in 2022, from 720,000 metric tons to a forecast 3.1 million metric tons.
Why is lithium carbonate so expensive? ›
Lithium is a specialized commodity produced in limited quantities, making supply disruptions a significant factor in price fluctuations. Moreover, changes in consumer trends, particularly in consumer electronics and EVs, can swiftly impact demand and supply.
Why is lithium carbonate price dropping? ›
Battery metal oversupply and underperforming electric vehicle sales are part of the lithium price slide. Lithium prices are expected to decline further because of rising supplies of the battery metal, subdued Chinese demand and a lacklustre American electric vehicle (EV) market.
What is the future price of lithium carbonate? ›
Lithium price forecast to 2027
Lithium carbonate – China: US$12,604 per tonne (January: US$11,867) Lithium hydroxide – China: US$9,653 per tonne (January: US$9,899) Spodumene 6%: US$910 per tonne (January: US$1,000)
What is the price of industrial grade lithium carbonate? ›
Technical Grade Lithium Carbonate Powder, For Industrial at Rs 2250/kg in Navi Mumbai.
Why is lithium so cheap? ›
The price of battery-grade lithium carbonate has crashed in the last 12 months. This downward pressure is attributed to oversupplied markets in Asia, primarily because the global adoption rate of electric vehicles has notably slowed amid high interest rates.
Lithium Carbonate 300mg Tab at Rs 17.99/strip | Lithium Carbonate Tablet in Nagpur | ID: 10998097688.
What is the price of lithium carbonate 1kg? ›
Price: 4800 INR (Approx.)
How big is the lithium carbonate market? ›
| Attribute | Details |
|---|
| Market size Volume in 2022 | 55 thousand tonnes |
| Market size Volume in 2032 | 150 thousand tonnes |
| Growth Rate | CAGR of 10% from 2023 to 2032 |
| Base year for estimation | 2023 |
7 more rowsThe Global Lithium Carbonate market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Has the price of lithium gone up? ›
It said spot lithium carbonate prices climbed by more than 500% between June 2021 and December 2022 before falling about 70% by October 2023. Following a drop in lithium prices over the past year as supply outpaced demand, Albemarle Corp.
Are lithium prices going up or down? ›
Lithium prices remained subdued in the first quarter of 2024, well below highs set in late 2022 and 2023. Various factors, including oversupply and weak electric vehicle (EV) demand, kept prices muted over the 90 day period.
How much is 30 day supply of lithium? ›
Generally speaking, a 30-day supply of generic Lithium can cost around $20 for 300 mg tablets or capsules, while brand-name Lithobid might be as much as $1,300 for 100 tablets that are 300 mg each.
How much does lithium cost without insurance? ›
Oral Capsule
| Quantity | Per unit | Price |
|---|
| 100 | $0.15 | $14.72 |
| 120 | $0.13 | $15.76 |
| 1000 | $0.06 | $61.70 |
