Soaring lithium prices spur changes in supply contracts

Lithium consumers in the electric vehicle battery supply chain are seeking longer-term contracts with producers to secure supplies for as long as possible in a market where shortages have propelled prices to their highest in three years.

Prices for lithium carbonate in China, a key material used to make rechargeable batteries, at 197,500 yuan ($30,940) a tonne are up 276% since the start of this year due to booming demand alongside accelerating sales of electric vehicles.

Full article: https://www.mining.com/web/soaring-lithium-prices-spur-changes-in-supply-contracts/