Global lithium prices spike but remain below 2024 average, says Chile's Cochilco
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Global lithium carbonate prices have risen recently due to supply uncertainty and increased demand, reaching $10,500/ton, a 13% increase since October. Despite this rise, prices remain below last year's average. Higher consumption for lithium battery energy storage systems is driving prices up, despite a projected market surplus. Uncertainty over CATL's Jianxiawo mine reopening in China affects supply. Prices may recover moderately in 2026, but the mine's restart could lower prices short-term. Chile is the second largest lithium producer globally.
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