- China’s battery-grade lithium carbonate prices moved up following increases from producers.
- China’s industrial-grade lithium carbonate prices firmed up on tight supply.
- China’s lithium hydroxide prices drifted lower on limited domestic demand.
- Asian battery-grade lithium prices kept unchanged this week under a flat spot market.
More Chinese lithium carbonate producers continued raising offer prices this week and were unwilling to sell at lower prices as a result of current tight supply and optimistic sentiment due to the recovery in downstream demand.
Fastmarkets’ weekly price assessment for lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price range exw domestic China
was 40,000-42,000 yuan per tonne ($6,088-6,392) on Thursday November 19, up from 40,000-41,000 yuan per tonne the previous week.
“More offers from producers are higher at 44,000-45,000 yuan per tonne for battery-grade lithium carbonate but I haven’t purchased material at such prices....