GLOBAL LITHIUM WRAP: China domestic prices hit fresh 2020 lows; Europe, US markets decline

The Chinese domestic spot lithium prices resumed their downtrend on Thursday June 4 to reach new annual lows, while Europe and United States compound prices were pulled down by cheaper spot material.

  • China’s battery-grade lithium carbonate and hydroxide prices fell by 2.4% and 2% respectively.
  • China’s industrial-grade lithium carbonate price drifted lower.
  • The seaborne Asian market continues to hover around break even levels.
  • European, US lithium market fell amid lackluster demand.

China’s domestic battery-grade lithium spot prices fell to new annual lows this week after suppliers struggled to find buyers in a weak downstream market. The moves down in both the lithium carbonate and lithium hydroxide prices ended two weeks of stability.
Fastmarkets’ weekly price assessment for lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price range exw domestic China was 40,000-43,000 yuan ($5,619-6,040) per tonne on Thursday, down from 41,000-44,000 yuan per tonne in the previous week.

Continued weak demand has left China’s lithium producers oversupplied. Most downstream cathode producers are operating at around 30% of capacity for the moment...

Published

Carrie Shi

Dalila Ouerghi

June 05, 2020

14:32 GMT

London, Shanghai