The main reason for the decline in lithium prices is that electric vehicles sales in China and Europe have slowed down after the subsidies for purchasing electric vehicles

The lithium of chemical elements is now called platinum, which is almost used for almost all electric vehicle batteries, but it is interesting that the price of this element has dropped sharply, which helps electric vehicles to become more affordable.According to Benchamak Minerals, the price of lithium has fallen by 20%since January, which increases the sales of global electric vehicles. 

Another element that is widely used in the manufacture of batteries has doubled more than doubled, and on the other hand, copper used for batteries and motors has dropped by about 18%, but unfortunately, the production upgrade of copper countries such as Peru and the United States is still upgrading.Facing various challenges.According to the exclusive report of the New York Times, the sudden decline in prices surprised global experts, and they speculated that the price would double.However, this decline price has been transferred to more clean and more environmentally friendly transportation methods and limited climate change.

The New York Times report also added that the decline in commodity prices reduced electric vehicle manufacturers to reduce prices.According to the New York Times, a month ago, Tesla even reduced its expensive model Model S and Model X sports multi -purpose cars by thousands of dollars.Kelley Blue Book, a California car valuation and automotive research company, mentioned that in the United States, the average price of electric vehicles in February decreased by 1,000 US dollars from January.

According to the New York Times, for electric vehicles, the main obstacle is cost. Kang Sun, chief executive of young battery manufacturers AMPRIUS Technology, said the company announced its plan to build a factory in Colorado this month.He said that the decline in lithium prices will promote the sales of electric vehicles.  Because the demand for metal has not increased, the price may fall more.The main reason for the decline in lithium prices is that after the purchase subsidy of electric vehicles, electric vehicles in China and Europe have slowed down.