Matthew: Lithium spot prices crashed from $80,000 to around $14,000
Shanu Matthew · Climate tech’s tough year in the public markets · Mar 14, 2024 · at 24:13
Lazard portfolio manager Shanu Matthew reviews the extreme commodity price cycle in battery raw materials with host Shayle Kann.
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“In the period between twenty-twenty and twenty-twenty-two, you had prices skyrocket on the back of this accelerating EV adoption curve, where lithium prices went all the way up to 80,000 dollars per metric ton. Since then, they've crashed all the way back down and now we're at a level where current spot prices in China are closer to 13,500 or 15,000 dollars per million. They're slightly moving back up per metric ton.”
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