How much does lithium cost? The industry can't seem to agree

SANTIAGO: Opaque pricing for lithium, the powerhouse metal fueling the electric vehicle revolution, is expected to be top of mind this week as the industry's leaders gather in Santiago, with calls rising for more transparency to attract much-needed expansion funding.

"You're almost forced to just take the average of the price estimates that are out there," said James Calaway, chairman of ioneer Ltd, which is developing a lithium project in Nevada. Many long-term supply contracts are already referencing an LME price, an anticipatory step designed to set future deal parameters, Ortiz said.

Ganfeng Lithium Co, which already has several Australian ventures, spent US$160 million to boost its stake in an Argentina lithium project with Lithium Americas Corp.

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