Tuesday, October 1, 2024

Cost of lithium ore price drops

 




Due to a combination of falling sales of electric vehicles, and a world oversupply of lithium ore, the cost of the main lithium compound has fallen by more than three quarters since June 2023.

This decline has had a particularly hard impact on Australia as it is the world’s largest producer of lithium ore, accounting for 52% of the global total last year.



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