Down nearly 70 percent! Lower costs charge up demand for China’s energy storage sector

A drop in the price of lithium carbonate, a raw material used to make rechargeable batteries, is supercharging demand for energy storage products made in China. The price of battery-grade lithium carbonate currently stands at around 26,000 U.S. dollar per ton in China, down nearly 70 percent from an all-time high last November. The dip in raw material costs has allowed Chinese firms making energy storage batteries and systems to cut prices by one-fifth, helping drive demand at home and abroad. With production scheduled through Q3, this manufacturer in the eastern province of Jiangsu has been running at full capacity to fill orders. __________________ ShanghaiEye focuses on producing top-quality contents. Nobody knows SHANGHAI better than us. Please subscribe to us ☻☻☻ __________________ For more stories, please click ■ What’s up today in Shanghai, the most updated news of the city ■ Amazing Shanghai, exploring the unknown corners of the city, learning the people, food and stories behind them ■ What Chinese people’s lives are like during the post COVID-19 period ■ Views of foreign scholars on China and its affairs ■ Foreign faces in Shanghai, people living in this city sharing their true feelings ■ Mini-docs showing why China is the country it is today __________________ ☎Leave us messages if you have any suggestions or questions! Thank you!