GLOBAL LITHIUM SNAPSHOT: Europe, US battery-grade carbonate price tumbles 5%

Key pricing data from the pricing sessions in Europe and China on Thursday April 9.




Europe 
  • Europe and US battery-grade lithium carbonate prices ended five consecutive weeks of stability after buyers attempted to align the market with losses recently seen in the technical grade market. 
  • There has been a significant slowdown in the market due to the tightening grip of Covid-19 across Europe and the United States. 
  • Lack of activity in battery-grade hydroxide market kept prices unchanged for sixth consecutive week.

China 
  • A lack of downstream buying from cathode makers continues to weigh on lithium carbonate and hydroxide markets. 
  • Industrial-grade lithium carbonate held this week, with no prices reported below 37,000 yuan per tonne.

Asian seaborne market 
  • Japan has declared a national state of emergency to reduce unnecessary travel until May 6. Market participants are wary of further impact on the economy. 
  • Lower offer prices were heard in the market but few concluded deals.

Carrie Shi

Carrie.shi@fastmarkets.com

Dalila Ouerghi

dalila.ouerghi@fastmarkets.com

Published

Carrie Shi

Dalila Ouerghi

April 09, 2020

15:22 GMT

Beijing, London