At the end of 2017, china saw the basic lithium salt capacity surge by 47% from 170kt/a in 2016 to roughly 250kt/a, including 178kt lithium carbonate, 54kt lithium hydroxide and 18kt lithium chloride, which covered battery grade and industry grade capacity as well as processing capacity of foreign companies in china. But the lithium industry is still young, even embryonic. china, which produces 23% of the world's lithium carbonate but most of it at a far higher cost than chile does, recently started extracting ... The subsequent decline in chinese lithium carbonate prices, which slipped over 9% to $14,500/tonne for technical grade material and $16,500/tonne for battery-grade material in july 2018, is expected to continue over the coming weeks. Scope of the report: the worldwide market for lithium battery grade lithium carbonate is expected to grow at a cagr of roughly xx% over the next five years, will reach xx million us$ in 2024, from xx million us$ in 2019, according to a new gir (global info research) study.