Weak demand and increased supply have led to a further decline in lithium prices. Lithium carbonate fell for 22 consecutive days, reaching a new low in over 2 years. Lithium carbonate fell 500.0 yuan to 146500 yuan/ton.

Weak demand and increased supply have led to a further decline in lithium prices. Lithium carbonate fell for 22 consecutive days, reaching a new low in over 2 years. Lithium carbonate fell 500.0 yuan to 146500 yuan/ton.

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The last time battery grade lithium carbonate was 147000 yuan, it was September 15, 2021.

According to the weekly report of China's non-ferrous metal industry, weak demand and supply have increased, and lithium prices have further declined. In October 23, the export of spodumene concentrate from Port Hedland in Australia was about 136200 tons, a month on month increase of+60%; SQM sold 43000 tons of lithium carbonate in the third quarter and is expected to continue accumulating inventory in the fourth quarter. Lithium prices continue to be weak. During the week, the LC2401 contract on the Guangzhou Futures Exchange fell 7.32% to close at 138000 yuan/ton; On the spot end, the price of domestic battery grade lithium carbonate decreased by 4.20% to 148000 yuan/ton, and the spot premium increased to 10000 yuan/ton. The price is expected to continue to bottom out, and the operating rate of the positive electrode factory remains low. The purchase of goods is relatively cautious. In October 23, the export of spodumene concentrate from Port Hedland in Australia was about 136200 tons (+60% month on month), while the production of lithium concentrate from Sigma in Brazil in the third quarter was 38823 tons. After September, it has climbed to a monthly production of 20000 tons, approaching full production, and resource side volume further suppressed lithium prices.

According to the latest quotation from Shanghai Color Network, on November 20th, lithium carbonate (99.5% battery grade/domestic) fell by 520.0 yuan to 146400 yuan/ton, setting a new low for over 2 years. It has been down for 22 consecutive days, with a cumulative decrease of 5540.0 yuan in the past 5 days and 22500.0 yuan in the past 30 days; Lithium hydroxide (56.5% battery grade coarse particles/domestically produced) fell by 1040.0 yuan to 133400 yuan/ton, setting a new low for over 2 years. It has been down for 21 consecutive days, with a cumulative drop of 8520.0 yuan in the past 5 days and 24460.0 yuan in the past 30 days.

Today's spodumene (spot in China)

Spodumene 5-5.5%: 10700-12600, average price 11650, down 350 yuan/ton

Spodumene 4-5%: 8600-11500, average price 10050, down 300 yuan/ton

Spodumene 3-4%: 5150-9350, average price 7250, down 250 yuan/ton

Today's lithium compounds

Lithium carbonate (battery grade): 146500 yuan/ton, down 500 yuan/ton

Lithium carbonate (industrial grade): 138500 yuan/ton, down 750 yuan/ton

Lithium hydroxide (industrial grade): 125000 yuan/ton, down 1000 yuan/ton

Lithium hydroxide (battery grade coarse particles/domestic): 133500 yuan/ton, down 1000 yuan/ton

Lithium hydroxide (battery grade micro powder/domestic): 142500 yuan/ton, down 1000 yuan/ton

Today's Lithium Mine

Spodumene concentrate (6%, CIF China): $1945/ton, down $0/ton

Lithium mica (Li2O: 1.5% -2.0%): 2450 yuan/ton, down 0 yuan/ton

Lithium mica (Li2O: 2.0% -2.5%): 3850 yuan/ton, down 0 yuan/ton

Phosphoaluminate (Li2O: 6% -7%): 14275 yuan/ton, down 0 yuan/ton

Phosphoaluminate (Li2O: 7% -8%): 17574 yuan/ton, down 0 yuan/ton

Lithium Metal (Week) November 17th

Lithium metal (≥ 99%, industrial, electrical/domestic): 115000 yuan/ton, down 25000 yuan/ton

November 16th spodumene (CIF China) unit (USD) (weekly price)

Li2O: 1.2% -1.5%: 150-191, with an average price of 170.5, a decrease of 0 US dollars per ton

Li2O: 2% -2.5%: 255-380, with an average price of 317.5, a decrease of 0 US dollars/ton

Li2O: 3% -4%: 580-740, with an average price of 660, a decrease of $40/ton

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Phosphate ore: 980 yuan/ton, with an increase of 0 yuan/ton

Lithium iron phosphate (power type): 562500 yuan/ton, down 250 yuan/ton

Cobalt metal

Electrolytic cobalt (≥ 99.8%/gold, like): 24700 yuan/ton, down 10500 yuan/ton

Cobalt powder (-200 mesh/domestic) 228500 yuan/ton, down 1000 yuan/ton