Just days after Argentinian President Alberto Fernandez signed his country up for China’s Belt and Road Initiative during a high-profile trip to Beijing this month, the spot price of lithium metal in the Chinese market reached 2 million yuan (US$315,000) per tonne for the first time – more than four times what it cost a year ago, the South China Morning Post reported.
As major economies are all aiming to shift to electric cars in the global fight against climate change, the silvery-white alkali metal has been increasingly called “the new oil” and “white gold”, the report added.
Read the full report: SCMP.
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