06/02/2026
Lithium Holds Retreat from 2-Year High
On the demand front, New data in top consumer China showed that new energy vehicles output, the top source of lithium demand due to their batteries, rose by 5.5% annually to 1.32 million units, while sales rose by 9.7% to 1.34 million units.
Demand also remained supported by Chinese investment in power infrastructure, recently consolidated with Beijing stating it would double national EV charging capacity to 180 gigawatts by 2027.
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Lithium carbonate prices in China were near CNY 180,000 per tonne, below the two-year high of CNY 200,500 from May 13th as higher prices drove producers to restart mining activity.Mineral Resources will restart its Bald Hill lithium mine following an 18-month suspension, while Core Lithium restarte....