Lithium Watchers Shift Focus From Supply Fears to Storage Demand

The lithium industry is riding a wave of excitement over demand for large-scale battery storage, overshadowing the supply-side anxiety in China that has recently roiled the market.

The most-active futures for lithium carbonate — a battery material ingredient — extended gains in Guangzhou on Tuesday morning after jumping 5% in the previous session. Spot prices are at levels last seen in late August, but remain more than 85% below the peak in 2022.