The global price of lithium plunged to $10,800\/tonnes<\/em><\/strong><\/p>\nLithium prices fell nearly 90% in October, from $84,880\/tonne in 2022 to $10,800\/tonne, driven by oversupply and a slowdown in electric vehicle (EV) sales. This price drop could lower EV production costs, as lithium accounts for 30-40% of raw material expenses. This price decline could make the production of Lithium in Nigeria relatively unattractive.<\/p>\n
FDC\u2019s M.D., Mr. Bismarck Rewane, and analyst, Chidiebere Osuji, discussed these and other burning economic issues on Channels TV Business Morning and Business Incorporated programmes, respectively.<\/p>\n
Click the link to watch the video.<\/p>\n
Enjoy your read!<\/p>\n
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[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber, FEC proposes 66.44% increase in 2025 budget to N47.9trn The Nigerian government announced a N47.9 trillion budget for…<\/p>\n","protected":false},"author":11,"featured_media":122208,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,110],"tags":[],"_links":{"self":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/122209"}],"collection":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/comments?post=122209"}],"version-history":[{"count":1,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/122209\/revisions"}],"predecessor-version":[{"id":122210,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/122209\/revisions\/122210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media\/122208"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=122209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=122209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=122209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}