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How demand for electric vehicle has helped lithium gain the most this year

How demand for electric vehicle has helped lithium gain the most this year March 15, 2021 The commodity has gained 82.80 per cent since the beginning of this year Lithium topped rhodium last week as the commodity that has gained the most this year on strong demand from Chinese battery manufacturers following demand mainly from Europe. Tight spot availability has resulted in prices spiking sharply to 85,000 Chinese yuan (₹9.50 lakh) a tonne. Metal Bulletin website said prices were up nearly three per cent last week, with lithium rising to 85,000-90,000 yuan (₹9.50 lakh-10.05 lakh). According to the Trading Economics website, the commodity, which has been at the forefront of many technological changes since the 1990s with the commercialisation of lithium-ion batteries, has gained 82.80 per cent since the beginning of this year.

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