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Lithium Price Today
Last updated: April 30, 2026 at 10:00 AM EDT ET · Source: COMEX / LBMA
Calculate Lithium Value
1 Grams (g) of Lithium
$385.81
Spot price: $12,000.00/oz
Rate: 1 USD = 1 USD
Approximate value - excludes taxes, premiums
Exchange rates are indicative. Actual buy/sell prices include dealer premiums. Not financial advice.
Price by Weight
| Unit | USD Price |
|---|---|
| Troy Ounce (oz t) | $12,000.00 |
| Gram (g) | $385.81 |
| Kilogram (kg) | $385,808.67 |
| Tola (10g) | $3,858.09 |
| Pennyweight (dwt) | $600.00 |
Price by Currency (per troy oz)
| Currency | Price |
|---|---|
| 🇺🇸USD | $12,000.00 |
| 🇨🇦CAD | CA$16,320.00 |
| 🇪🇺EUR | €11,040.00 |
| 🇬🇧GBP | £9,480.00 |
| 🇦🇺AUD | A$18,480.00 |
| 🇨🇭CHF | Fr10,800.00 |
| 🇯🇵JPY | ¥1,842,000 |
| 🇮🇳INR | ₹1,000,800 |
Exchange rates are approximate. Source: COMEX / LBMA
About Lithium
Lithium — nicknamed "white gold" — is the lightest metal on Earth and the foundational element of the global EV revolution. Every lithium-ion battery contains lithium in its cathode, anode, or electrolyte, making it irreplaceable in portable electronics, electric vehicles, and grid storage systems. The metal's extraordinary energy-to-weight ratio has made it the preferred choice for rechargeable battery applications since the 1990s.
The global lithium supply chain is heavily concentrated. Chile and Australia together account for over 75% of world production. Chile's Atacama Desert hosts the world's largest and highest- grade lithium brine deposits, operated by SQM and Albemarle. Australia dominates hard-rock spodumene mining at projects like Greenbushes (the world's largest lithium mine). China controls over 60% of lithium processing and refining, converting raw lithium into battery-grade lithium carbonate and lithium hydroxide.
Lithium prices experienced one of the most dramatic boom-bust cycles in commodity history. Prices surged from ~$6,000/ton in 2020 to over $80,000/ton in late 2022 as EV demand exploded and supply couldn't keep up. Then, as new mines ramped up and EV sales growth slowed in key markets, prices collapsed by over 80%, returning to $12,000-$15,000/ton by 2024.
New lithium production is emerging from Argentina's "Lithium Triangle" and from geopolitical wildcards like Bolivia (enormous but undeveloped deposits) and African deposits in Zimbabwe and the DRC. The US and EU are actively subsidizing domestic lithium development to reduce Chinese supply chain dependency, with new projects in Nevada, North Carolina, and across Europe.
Frequently Asked Questions
What is the lithium price quoted in?
Lithium is priced in USD per metric ton, typically for lithium carbonate equivalent (LCE) — the standard unit used to compare different lithium compounds. Battery-grade lithium carbonate and lithium hydroxide are the most commonly traded forms, with hydroxide commanding a premium for use in high-nickel NMC cathodes. Prices vary by region (China domestic, CIF Asia, etc.) and by contract type.
Why did lithium prices crash in 2023-2024?
The lithium price crash from $80,000/ton to below $15,000/ton was driven by multiple factors: new mining projects coming online (especially in Australia and Chile), slower-than-expected EV sales growth in key markets (China inventory buildup, US IRA compliance uncertainty), LFP battery adoption reducing lithium intensity per vehicle, and Chinese producers aggressively defending market share with low-cost supply.
Which countries produce the most lithium?
Australia is the world's largest lithium producer (spodumene hard rock), followed by Chile (brine deposits in the Atacama), China (mixed sources + dominant refining), and Argentina. The "Lithium Triangle" — Chile, Argentina, and Bolivia — holds over 60% of global lithium resources. Bolivia has the world's largest reserves but has struggled to attract investment due to political conditions.
Is there a lithium futures market?
Liquid lithium futures markets are relatively new. The Chicago Mercantile Exchange (CME) launched lithium hydroxide futures in 2021. The Guangzhou Futures Exchange (GFEX) in China offers lithium carbonate futures that have become increasingly liquid. However, the market is less developed than for copper or gold, and price discovery remains challenging compared to more established commodity markets.
Will lithium demand grow with EV adoption?
Yes — most forecasts project lithium demand will grow 5-10x by 2035 driven by EV adoption and grid-scale energy storage. However, the relationship between EV sales and lithium prices is non-linear: battery efficiency improvements (reducing lithium per kWh), recycled lithium entering supply, and potential breakthrough chemistries (sodium-ion, solid-state) could moderate demand growth. Supply investment cycles mean lithium markets will likely remain volatile.