Lithium Prices Soar To All-Time High

Lithium prices jumped on Friday to a fresh all-time high amid soaring demand from growing electric vehicle sales, which the current supply is struggling to meet. The price of lithium, a key component in battery manufacturing, has more than tripled over the past year, according to Bloomberg estimates.

And on Friday, the price of lithium carbonate in China surged to a new record of $71,400 (500,500 Chinese yuan) a ton, per data from Asian Metal cited by Bloomberg. Strong demand from EV sales growth and lower production in China in recent months has…