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Lithium Carbonate Price Plunge: Opportunities and Challenges for the Energy Storage Sector

On March 20, the price of battery-grade lithium carbonate dropped to $43,950 per ton. Since late February, when the price fell below $60,000 per ton, it has taken only three weeks for the price to dip below $45,000 per ton again.

This rapid downward trend in lithium carbonate prices since the beginning of 2023 raises questions about its impact on the energy storage industry in 2023. There are two main views in the market: first, with the fast decline in lithium carbonate prices, some project owners are waiting for prices to reach $30,000 per ton. . .

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