Lithium Prices Rise 42% YTD as Global Energy Storage Demand Surges 50% in 2026

GateNews
Lithium prices climbed 42% year-to-date as of May 29, 2026, supported by booming energy storage demand. Major battery makers operating at full capacity, with global energy storage demand expected to exceed 50% growth in 2026. Though prices pulled back from a recent high of 209,880 yuan per ton, the underlying fundamentals remain solid.
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