Patricia Mohr names lithium as one of top picks for 2016

Most mined commodities declined in price this year, but spot prices in China for lithium carbonate actually increased, rising 15% year-on-year to as high as US$7,500 per tonne, making it one of Patricia Mohr’s top picks for 2016. “It’s a new age metal,” Mohr, VP of economics and commodity market specialist at Scotiabank says, noting that lithium is used in lithium ion batteries to power electric cars, a sector that is bound to expand in the years ahead. According to Roskill in London, contract prices for lithium carbonate in 2015 were US$5,575 to US$5,965 per tonne, CIF China, and are expected to increase by about 5% to 6% in 2016, but Mohr believes the price increase next year will be greater. Read the complete article at NorthernMiner.com/news/patricia-mohr-names-lithium