Lithium Costs Hit Record High

In this time of worldwide climate management, lithium has become quite possibly the blazing item.

Lately, the price of this metal has been rising at its fastest pace.

On Friday, lithium carbonate costs in China contacted an unsurpassed high of 500,500 yuan or $71,315 a ton.

Per the Exchanging Financial matters site, costs have shot up over 220% year on year. 

As indicated by Benchmark Mineral Knowledge information, the record of lithium costs has flooded over 120% year to date.

High lithium costs are helpful for lithium makers.

With the costs set to stay in a vertical direction, now is the ideal opportunity for financial backers to control their portfolios with lithium stocks like Albemarle Corp ALB, Livent Corp.

LTHM, and Sociedad Química y Minera de Chile S.A. SQM.