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Rising price of lithium holds global EV industry at ransom

The electric vehicle industry is likely to be hit with uncertainty as lithium, a crucial ingredient in batteries used in EVs, is becoming more expensive. The price of lithium carbonate, as per various reports, has gone up 432% year-over-year, nearly $62,000 per metric ton in April 2022. Six years ago, it averaged around $11,000. Benmark […]

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