Lithium prices in China have tumbled 29% as slower EV demand hits 'white gold'

• The price of lithium, essential to EV batteries, has fallen by 29% from November highs in China.
• The metal is still worth eight times more than it was before 2021.
• Sigma Lithium sharply jumped Tuesday following a report that Tesla is thinking about buying the Canadian miner.

Lithium prices in China have slumped by 29% from November highs as demand for electric vehicles wanes in the world's largest EV market.