According to data from Chinese stock exchanges, the price of lithium in China has fallen by almost 80 percent year-on-year.
The value of lithium carbonate is 130,000 Chinese yuan, or 16,653.64 euros per ton.
On a monthly basis, lithium carbonate prices fell by more than 20 percent.
The pessimistic prospects for the development of this sector have led manufacturers of batteries for electric cars to refrain from purchasing significant amounts of lithium and other input materials during the third quarter when they usually replenish stocks, reports Tanjug.
In addition to the above factors, additional concerns reigned in the market after the EU launched an investigation into Beijing’s subsidies for the production of electric vehicles.
In this way, the risk of new tariffs and trade barriers between the European Union and China has increased.
