- Chinese battery-grade lithium carbonate price widens downward.
- China’s industrial-grade lithium carbonate price unchanged.
- Chinese lithium hydroxide market flat.
- Asian, European and US spot markets see limited spot buying.
Persistently weak downstream demand continued to pressure China’s battery-grade lithium spot market this week, with lower prices emerging after producers attempted to stimulate sales by reducing their offers.
Fastmarkets’ weekly price assessment for lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price range exw domestic China
was 42,000-45,000 yuan per tonne ($5,922- 6,345) on Thursday, widening downward by 500 yuan per tonne from 42,500-45,000 yuan per tonne a week earlier.
"We haven’t purchased anything after the holiday. The lithium carbonate market remains soft with more offers heard at 42,000-43,000 yuan per tonne,” a buyer source in China told Fastmarkets.
“Prices for battery-grade lithium carbonate produced from spodumene are difficult to...