This metal is one to watch for the battery and mining industries.

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MIT Technology Review

Lithium prices are rising again in 2026 after a dramatic crash from their 2022 peak of $70/kg back to $10/kg. The increase is driven by strong EV growth in China and expanding grid-scale battery storage demand. Higher prices could accelerate development of alternative battery chemistries like sodium-ion, expansion of lithium processing facilities outside China (including Tesla's Texas refinery), and commercial deployment of direct lithium extraction technology from companies like Lilac Solutions and Rio Tinto. The price trajectory will significantly impact both battery technology development and mining industry investments.

Why 2026 is a hot year for lithium