Lithium Prices Hit Hard As EV Sales Stumble ...Middle East

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Lithium Prices Hit Hard As EV Sales Stumble
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The price of lithium has experienced a significant decline over recent months, resulting from a deceleration in electric vehicle sales and an increasing supply of the key ingredient used in battery packs.  Since November, the average price of battery-grade lithium carbonate in China has plunged from $84,500 per metric ton to $42,500, or about a 50% decline, according to Bloomberg data.  Vivek Chidambaram, the senior managing director for strategy at Accenture, a consulting firm, told NYT the plunge in lithium prices could be…

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