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China lithium prices tumble as weak EV sales, Middle East war cloud demand outlook
Lithium prices in China plunged on Tuesday as weaker sales from major electric vehicle manufacturers and escalating Middle East tensions dampened demand prospects. The most-active lithium carbonate contract on the Guangzhou Futures Exchange fell 12.99% to close daytime trading at 150,860 yuan a metric ton, hovering near its 13% daily limit. The decline followed reports of softer February sales from several Chinese EV manufacturers, including industry leader BYD, whose EV sales plunged more than 40% year-on-year during the month. The Middle East conflict is expected to curb demand in the region, one of the ... (full story)
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