As of March 4, 2024, the price of lithium carbonate, a crucial component in EV and storage batteries, has plummeted to AUD$22,026.50 per tonne, marking a substantial two-year low from AUD$80,000 in November 2022. This significant market shift is poised to impact the global electric vehicle and battery storage sectors profoundly.
Tianqi Lithium Energy Australia Pty Ltd (TLEA), a China-Australian-led joint venture between Tianqi Lithium and IGO, has bid to acquire Australian lithium developer, Essential Metals
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