Lithium smashes new record as supply struggles to feed EV growth
A customs officer inspects imported lithium carbonate at Longwu Branch Terminal of Shanghai İnternational Port (Group) Co., Ltd. on June 6, 2022 in Shanghai, China. (Photo via Getty Images) The surge in prices of lithium, the key battery material used to power electric cars, is seemingly unstoppable. Lithium carbonate hit a fresh record of 500,500