China unleashes lithium market frenzy — and the world takes its cue
A vivid reminder that China sets the price of a key battery raw material, as a CATL mine shutdown sparks a surge.
China is not only the world’s largest producer of batteries — it is also a major lithium producer, giving it powerful sway over the price of this key raw material.
That became clear last week when a frenzy erupted on the Guangzhou Futures Exchange (GFEX). The spark came after CATL, China’s largest battery producer, was forced to shut a lithium mine in Ji…
