Jan 15, 2025 11:57

2024 is a highly volatile year for lithium carbonate prices, with prices experiencing a "roller coaster" ride and an average price of 90,000 yuan/mt. Annual domestic lithium carbonate output reached 680,000 mt, up 47% YoY; annual lithium carbonate imports totaled 230,000 mt, up 46% YoY; and annual lithium carbonate demand reached 850,000 mt LCE, up 44% YoY. The domestic surplus pattern persisted. Looking ahead, with both lithium carbonate supply and demand increasing, supply growth is expected to outpace demand, leading to a continued expansion of the surplus. Additionally, under the deepening of low-cost integration and the impact of low-cost lithium carbonate imports from overseas, the cost center of lithium carbonate still has room to decline.