Lithium Prices Are Soaring, Sparking More Deals for Key Battery Metal
- Lithium carbonate prices in China soar to record high: BNEF
- Chinese firms look to buy more lithium assets, Scotiabank says
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Lithium is having a moment -- and record prices won’t deter the flurry of deals for the key battery metal.
A number of acquisitions of lithium miners have been announced in recent months, including a proposed takeover of Millennial Lithium Corp. by the world’s largest battery maker. Industry consultants, investment bankers and analysts see this as just a taste of things to come, even with skyrocketing prices for the silvery white metal that’s a key ingredient to power electric vehicles.