f (1) Facebook MAE101 Assignme X In Course: Economic gt; glad (Sung S LME Lithium Index * Which market stru ( X By What is Monopolis S Lithium...

i. Consider the chart (above) of Lithium Carbonate prices and focus specifically on the Global weighted average price (red series). Discuss the pattern in global lithium prices over the past 3 years.

ii. Identify and discuss 2 economic factors that help to explain the broad trend and/or broad changes in the trend in lithium carbonate prices over the 3 year period from2016-2018. 

f (1) FacebookMAE101 Assignme XIn Course: Economic >glad (Sung SLME Lithium Index* Which market stru( XBy What is MonopolisSLithium productionor xFile | file:///C:/Users/bong/Downloads/MAE101%20Assignment%20T3%202018%20Deakin%20College%20(3).pdfSMAE101 Assignment T3 2018 Deakin College (3).pdf3 /5The Lithium Industry's Reference PriceLithium Carbonate Prices Assessed by Benchmark Mineral Intelligence25,000 -.CIF AsiaFOB South AmericaEXW China (Battery-grade)EXW China (Technical-grade20,000-"Global weighted averageUSD/tonne5,000 -10,0005,000Source: Benchmark Mineral IntelligenceJan Fob Mar Apr May Jun19 % Nov Dge Jan Feb Mar Aor May Jun" but(Source: Benchmark Mineral Intelligence, 2018)i.Consider the chart (above) of Lithium Carbonate prices and focus specifically on the Globalweighted average price (red series). Discuss the pattern in global lithium prices over the past 3years.(2 marks)ii.Identify and discuss 2 economic factors that help to explain the broad trend and/or broadchanges in the trend in lithium carbonate prices over the 3 year period from 2016-2018.(2 marks)O Type here to search10:35 PMEdx ]EM?( 4))) ENG4/01/2019