{"id":72581,"date":"2022-09-21T20:13:00","date_gmt":"2022-09-21T16:13:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=72581"},"modified":"2022-09-21T20:14:38","modified_gmt":"2022-09-21T16:14:38","slug":"lithium-prices-rise-on-soaring-electric-vehicle-demand","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/lithium-prices-rise-on-soaring-electric-vehicle-demand\/09\/21\/market-updates\/","title":{"rendered":"Lithium Prices Rise On Soaring Electric Vehicle Demand"},"content":{"rendered":"\n<p>Driven by a surge in Chinese electric-vehicles sales, the sharp rise in lithium as a key commodity for batteries could be a factor that slows adoption of these vehicles on the global level.<br><br>Lithium carbonate prices in China, the benchmark in the fast-growing market, stand at about $71,000 per tonne, according to price-assessment firm Benchmark Mineral Intelligence. That is almost four times as high as a year ago and just below the record set this March in yuan terms.<br><br>Demand for lithium is expected to surpass global supply as consumers switch to battery-powered vehicles. With China currently leading in processing of the vital raw material, the US government is seeking to boost domestic production.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Driven by a surge in Chinese electric-vehicles sales, the sharp rise in lithium as a key commodity for batteries could be a factor that slows adoption of these vehicles on the global level.Lithium carbonate prices in China, the benchmark in the fast-growing market, stand at about $71,000 per tonne, according to price-assessment firm Benchmark Mineral &hellip;<\/p>\n","protected":false},"author":13,"featured_media":72588,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6832,7583,8057,9359],"class_list":["post-72581","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-china","tag-commodities","tag-electric-vehicle-sales","tag-lithium"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=72581"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72581\/revisions"}],"predecessor-version":[{"id":72589,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72581\/revisions\/72589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/72588"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=72581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=72581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=72581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}