The Chilean mining group SQM mines lithium in the Atacama salt flats in the north of the country.
(Photo: dpa)
Frankfurt As a component in electric car batteries, it is currently one of the most sought-after raw materials: lithium. There is currently no replacement, as Ulrich Stephan, chief investment strategist at Deutsche Bank, knows: “Most experts assume that it will still be needed in 20 years.”
The price development is correspondingly brilliant. While the price was still on the ground in the Corona year 2020, the price of lithium carbonate has climbed rapidly this year, only interrupted by a small intermediate low in spring. Since then things have been going up again.
A tonne of lithium carbonate is currently trading at almost $82,000 on the Chinese spot market — not only nearly double what it was at the start of the year, but also about 14 times what it hit at its all-time low in July 2020, when lockdown-related production restrictions weighed on demand.
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