Lithium Prices Continue Slide Amid Declining EV Demand

The price of lithium batteries is dropping as demand for electric vehicles continues to fall. The price of the commodity is down more than 30 percent in 2023, ending a two-year rally that pushed the price of the key battery material to new heights. In addition, prices for other metals that go into batteries, such as cobalt and nickel, are also sliding. The reversal comes as electric auto makers such as Tesla and Ford cut vehicle prices to attract more customers. 

More In Business

Cybersecurity Firm Denies It’s a Threat After US Bans Its Software

The Russian company said in a statement that the Commerce Department's decision would not affect its ability to sell its cybersecurity products in the U.S.

Should Tips Be Tax-Free? Trump Thinks So

Former President Donald Trump’s proposal to exclude tips from federal taxes is getting strong reviews from some Republican lawmakers.

TikTok Accuses Federal Agency of ‘political demagoguery’ Over Ban

Attorneys for TikTok said the agency “ceased any substantive negotiations” with the company after it submitted a draft agreement in August 2022.

Nvidia Surpasses Microsoft to Become the Most Valuable U.S. Company

Nvidia’s startling ascent in the stock market reached another milestone Tuesday as investors now value the company at over $3.3 trillion.

Fisker Files for Bankruptcy, the Second EV Maker in the Past Year

Electric vehicle makers are struggling to lure more buyers beyond the early adapters of the technology.

How The NFL Is Playing Defense In Sunday Night Ticket Lawsuit

Ben Fischer, reporter at Sports Business Journal, speaks to Dave Briggs to unpack everything you need to know about the NFL's Sunday Night Ticket lawsuit.

Sorry, Millennials: Mortgage Rates Aren’t Dropping Anytime Soon

First time home buyers aren’t just dealing with high rates and home prices, but ‘hidden’ costs, like property taxes and repairs.

Walmart Is a Big Winner in the War on Inflation

Retail sales are slowing down, as consumers shift away from pandemic-era catchup spending and start prioritizing value.

Majority of Americans Favor Forgiving Medical Debt

"I didn't feel like dying," Janille Williams said. “I don’t think anyone should have to go into financial ruin to live."

Boeing’s CEO to Appear Before Senate as New Whistleblower Emerges

New allegations are arising that “nonconforming” parts — ones that could be defective or aren’t properly documented — are going into 737 Max jets.

Load More