Lithium prices fall to the lowest level in more than 1.5 years
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Spot lithium prices hit their lowest since December 2021, according to data from the London Metal Exchange (LME). Futures for lithium hydroxide (LiOH) with delivery to China, Japan and South Korea, according to the exchange on August 28, were trading at $33,150/t. In a month they have fallen in price by 23%.
Metal prices have been steadily declining since January 2023. In December 2022, lithium cost $85,000/t, in January the price dropped to $83,800/t. The maximum price of this metal was recorded in April last year – $86,600/t.
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