Chinese lithium producers set price floor as demand evaporates – Reuters News Agency
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31 March 2023, 3:14 pm 1 minute
Reuters exclusively reported that China’s top lithium producers agreed this week to set a floor price of 250,000 yuan ($36,380) per tonne of lithium carbonate in an effort to slow a plunge in the price of the battery raw material.
Market Impact
Spot prices dropped to 220,000 yuan a tonne on Friday, according to a weekly price assessment by Fastmarkets, down from 260,000 yuan a week earlier.
Article Tags
Type: Reuters Best
Sectors: Commodities & EnergyEconomy & Policy
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
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