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Lithium continues to smash pricing records in 2022, with desperate buyers scrambling for units on the thinly traded spot market amid low supply.

Despite the current high prices for battery-grade lithium carbonate, market participants are still bullish, according to price reporting agency Fastmarkets.

“[Industry] expect prices to rise even further in the first quarter of 2022 amid tight supply and firm demand,” it says.

On the supply side, there looks to be little respite in the near and mid-term.

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