What is the current lithium price?

How much is the white metal commanding at the moment?

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

A lot of Australian investors have money in the many ASX lithium shares that trade on the local bourse.

Among the most popular options are the likes of Core Lithium Ltd (ASX: CXO), Liontown Resources Ltd (ASX: LTR), and Pilbara Minerals Ltd (ASX: PLS).

In addition, Rio Tinto Ltd (ASX: RIO) is pushing forward with its lithium ambitions and recently revealed that it expects its Rincon lithium plant in Argentina to commence production by the end of 2024.

But unlike oil, gold, copper, and iron ore prices, finding out what the lithium price is can be difficult for investors.

And given how much of impact it has on the performance of ASX lithium shares, this puts them at a disadvantage.

So, let's take a look and see what is going with the lithium price right now.

A female miner wearing a high vis vest and hard hard smiles and holds a clipboard while inspecting a mine site with a colleague.

Image source: Getty Images

The latest lithium price

According to a note out of Goldman Sachs, there was a bit of movement in spot lithium prices in China last week.

At the end of last week, lithium carbonate was fetching a price of US$13,786 per tonne. This is down slightly from US$13,808 per tonne a week earlier.

And if you're wondering how this compares to recent times. The 2022 average lithium carbonate price was US$63,232 per tonne and the 2023 average was US$32,694 per tonne.

Moving on to lithium hydroxide. It is currently commanding US$9,616 per tonne. This is down a touch from US$9,656 per tonne the week before.

This compares to the 2022 average of US$59,190 per tonne and the 2023 average of US$32,452 per tonne.

Finally, the latest spodumene 6% price is US$1,210 per tonne, which is actually up week on week from US$1,120 per tonne.

But much like the other lithium types, this remains down materially from the 2022 average of US$4,368 per tonne and the 2023 average of US$3,712 per tonne.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

Time to sell ASX 200 shares written on a clock.
Broker Notes

Sell alert! Why this expert is calling time on Wesfarmers and CBA shares

A top investment analyst believes Wesfarmers and CBA shares could struggle in 2026.

Read more »

a woman wearing a dark business suit holds her hand up in a stop gesture while sitting at a desk. She has a sombre look on her face.
Share Market News

Deep Yellow share price paused ahead of pending announcement

Deep Yellow has paused trading on the ASX as it prepares to release a further market update.

Read more »

Wooden blocks spelling rebound with coins on top.
Opinions

Is the Pro Medicus share price an opportunity too good to pass up?

One of the ASX's leading businesses is trading at a big discount.

Read more »

three businessmen stand in silhouette against a window of an office with papers displaying graphs and office documents on a desk in the foreground.
Share Market News

Lottery Corporation shakes up leadership with digital-first strategy

Lottery Corporation announced a new operating structure and executive appointments, aiming to accelerate digital growth and sharpen strategic focus.

Read more »

Flying Australian dollars, symbolising dividends.
Dividend Investing

A once-in-a-decade chance to get a 10%+ yield from ASX 200 income shares?

Should income investors focus on these huge dividend yields?

Read more »

A businessman hugs his computer and smiles.
Share Market News

2 ASX 200 shares you'll be glad you held for 10 years

Hang onto these shares even while volatility persists.

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Market News

Superloop surges past 250,000 Origin connections, triggers next milestone

Superloop reaches Milestone 4, triggering share issuance as part of its exclusive contract with Origin Energy.

Read more »

A woman wearing dark clothing and sporting a few tattoos and piercings holds a phone and a takeaway coffee cup as she strolls under the Sydney Harbour Bridge which looms in the background.
Share Market News

5 Australian stocks to buy and hold for the next 5 years

Healthcare, financial tech, consumer brands, and resources. Five Australian stocks for long-term investors.

Read more »