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In China, the biggest maker of EV batteries, a ton of lithium is $41,000 a ton, says the Nikkei, which is five times more than last year.
The price of cobalt has doubled since January 2021 to $70,000 a ton and the price of nickel has gone up 15% to $20,000 a ton.
According to S&P Global Market Intelligence, the supply of lithium carbonate in 2022 will be 636,00 tons but demand will be 641,000 tons.
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