After skyrocketing by almost 500 percent over the past 12 months, lithium prices are beginning to slow their climb as current price levels begin to affect demand adversely. Lithium carbonate, the form in which the crucial battery metal is frequently traded, quadrupled in price in 2021 and has continued to rise since the start of 2022 amid widely shared expectations of a faster shift to EVs, with the corresponding strong growth in sales of electric vehicles. However, with prices reaching “insane levels”, per Elon Musk, they have begun…
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