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Battery module factories have been notified that the prices of cylindrical lithium battery cells will rise again by 5%-15% early next year due to the rising downstream demand for electric vehicles and energy storage.
Chile awarded two lithium extraction contracts worth a total of $121 million to Chinese EV maker BYD and Chile’s Servicios y Operaciones Mineras del Norte, the minerals ministry said on Wednesday.
Ganfeng Lithium, a leading lithium compound manufacturer in China, will put its Cauchari-Olaroz salt lake project in Argentina into operation during the second half of this year.