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EV Sales Surge Sends Lithium Index to Record High: FT

EV battery maker CALB targets $1.47 billion Hong Kong IPO
A rechargeable lithium ion battery made for Volkswagen. Photo: Reuters


(AF) Growing demand for lithium to use in the manufacture of electric vehicle (EV) batteries has sent the Solactive Global Lithium index to a record high, according to the Financial Times.

Chinese companies including CATL and Ganfeng Lithium have been among beneficiaries of a surge in sales of the metal as orders for EVs have climbed, the report stated. Also, the price of lithium carbonate has almost doubled, it added, citing Benchmark Mineral Intelligence. Full story: Financial Times.

Also on AF: Lithium stocks’ climb in China continues


Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.


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