China’s EV crackdown lifts lithium prices after it fell 90% since hitting record high in 2022

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After a price drop of around 90% since the record prices in 2022, the signs of a turnaround in the lithium market are increasing. Prices for lithium carbonate, the workhorse of the battery industry, are stabilizing. The chart in the cover picture above shows only the turn since the historical lows in June this year. The size of the crash since the all-time high in 2022 shows the chart over 3 years. Specifically, it went down from 597,500 yuan pe…