Lithium carbonate: A sharp drop for three years, is the snow in June a protest?

According to the World Meteorological Organization, polar high pressure swept across South America recently, and Chile and Argentina suffered the coldest cold of the century. The two governments issued cold wave warnings in advance for the "polar anticyclone" that caused extreme weather. Atacama, Chile, known as the driest desert in the world, also saw rare snowfall.

According to statistics from the Chilean Customs, Chile's total lithium carbonate exports in June were 14,619 tons, which increased by 3.38% month-on-month, but decreased by 30.21% year-on-year, and remained at a low level for two consecutive months. Among them, the amount of lithium carbonate exported to China fell by 41.23% year-on-year.

So, does the extreme cold wave in South America have a direct impact on the export of lithium carbonate, especially the Chilean salt lakes that mainly use solar pool production technology.

Unfortunately, the answer is no. This cold wave did have a great impact on agricultural crops in South America, but it had almost no impact on lithium carbonate production. Chile's lithium carbonate shipments have been at a low level for two consecutive months. Although there are winter factors, these are all within expectations. The main disturbing factor may still be the previous sharp drop in domestic lithium carbonate prices, which led to a weakening of downstream users' purchasing enthusiasm. This round of rebound also brought about a release of long-suppressed emotions.