South Korea lithium carbonate imports surge in September

South Korean imports of lithium carbonate compounds more than doubled in September 2020, with increased demand from restocking by cathode and battery manufacturers ahead of an expected surge in prices, sources have told Fastmarkets.

According to data released by the South Korean customs office, imports of lithium carbonate salts into the country totaled just over 4,039 tonnes in September, up by more than 100% month on month from 1,971 tonnes in August, and up by 47% from September 2019.
South Korea traditionally imports a large amount of lithium carbonate salts from South America, and particularly from Chile.
The surge in imports came amid strengthening spot prices in recent weeks for technical and battery grades of lithium carbonate in one of the most active global lithium markets, China.

“I think the growth in September in imports of lithium carbonate in South Korea was meeting an inventory cycle with more materials delivered there that month, or some buyers that...

Published

Carrie Shi

Dalila Ouerghi

November 17, 2020

20:40 GMT

Shanghai, London