Will Soaring Lithium Prices Spark Demand Destruction?

While everyone has been watching the price of oil and how high it might go, one other commodity that is now considered critical for our future has been on a much stronger rally. Last year, lithium prices rose by some 400 percent and are still rising. Some analysts expect them to peak this year, but with supply slow to respond to robust demand, that peak is far from certain. And this may slow down the energy transition that many governments are eager to help along. Tesla has raised the prices of its car several times since the start of the year.…