Lithium prices rose this weeks for the first time in 5 month after plummeting from record high.

According to statistics Analysed by Shree Metal Prices, battery-grade lithium carbonates price in China increased for the first time since November 2022

Global EV sales increased by 55% to 10 million last year. And they are predict to increase by another 35 percent this year.

China, the world’s largest EV market, has been unstable, with new energy vehicle sales down 6.3% in January, in part because EV subsidies are ending after 90%  in 2022.

Since then, sales have increased, and first-quarter EV output increased by 27.7% year over year. However, price increases for the lithium this year are probably going to be modest.