Chinese Lithium Prices Fall 30% as Demand for Electric Vehicles
Prices have dropped 29 per cent from November highs to Rmb425,000 ($61,795) per tonne, according to pricing agency Fastmarkets, driven by concerns over the strength of EV demand in Asia’s largest economy.
“On average the company will grow at a double-digit rate for the next few years. If you say the mid-term is three to five years, I think our goal is to grow at least double digits for the next five years,” he said.
Components like fans, which had previously mostly gone into goods like personal computers, are now increasingly going into EVs instead, Hai added, after the company reported its fourth-quarter gross profit leapt 32% year-on-year to T$29.6 billion ($974.55 million).
“So EVs are going to be one of the biggest drivers, and also data centres,” he said, pointing to the “huge” centres companies such as Meta Platforms and Microsoft Corp are building.
Tesla said last week it will open part of its U.S. charging network to EVs made by rivals as part of a $7.5 billion federal programme to expand the use of EVs and cut carbon emissions.
Full Link ( Yahoo )
© CopyRights RawNews1st
