Lithium prices in China have fallen over 20% in the past two months, after demand for the key electric-vehicle battery ingredient has waned alongside sales of EVs.
The average spot price of lithium carbonate hit 392,500 yuan ($56,451) per ton on Friday, down 23.1% year-to-date and 31% from its record high in November, according to data from iFinD, a market intelligence provider.
