Lithium prices are spiralling down towards their lowest level in two years.
spiralling down towards their lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries.
The slump has hammered lithium producers, too, with the Sprott Lithium Miners ETF tumbling to the weakest since its inception in February, and Global X Lithium & Battery Tech ETF plunging to the lowest since 2020.Demand for lithium typically picks up in the fourth quarter in China — the world’s largest EV market — because of strong battery cell production and installation, and manufacturers usually replenish their feedstock ahead of that.
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