The China announcement of their plan to ban fossil fuels sent the lithium mining stocks soaring higher as investors scrambled to buy the lithium miners on fear of missing out on the EV/lithium boom.
As the lithium material price goes higher, lithium battery price will increase 10% from the original price.
Lithium spot and contract price news
During September, 99.5% lithium carbonate China spot prices were up 2.87%, and are up 20.07% over the past year. Of note Chinese lithium cobalt oxide China spot prices were up 0.03% for the month, and 21.24% over the past year.
China Lithium spot price chart 2015 to 2017
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