News Formal

China lithium prices near record as power cuts squeeze market

  • 📰 mining
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Sichuan, home to more than a fifth of China’s lithium production, extended industrial power cuts this week. lithium

Prices of lithium in China are close to a record high as a power crisis in the nation’s major hub for the vital electric-vehicle battery ingredient threatens an already-tight market.

Meanwhile, Leah Chen, an analyst at S&P Global Commodity Insights, said the power cuts could tip the market into a bigger imbalance. “Should the power cuts be extended, then that could lead to more obvious supply concerns and possibly drive lithium prices higher,” Chen said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 449. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks mixed ahead of annual Fed meeting after China cuts rateAsian stock markets were mixed amid a China rate cut as investors looked ahead to this week's Fed Jackson Hole meeting.
Source: MarketWatch - 🏆 3. / 97 Read more »

First Mover Americas: Crypto Market Cap Falls Below $1 Trillion as Momentum FadesDeclines in bitcoin (BTC) and ether (ETH) push crypto market cap below $1 trillion. PLUS Ethereum's Merge is getting mentioned - by LedesmaLyllah JimmyHe32 godbole17 in First Mover by CoinDesk Markets Markets LedesmaLyllah JimmyHe32 godbole17
Source: CoinDesk - 🏆 291. / 63 Read more »