【SMM Analysis】: Lithium, Cobalt, and Nickel Prices Show Mixed Trends This Week

Published: Mar 31, 2026 18:43

Save

SMM March 31 News: Raw material side, lithium carbonate prices fluctuated this week, cobalt sulphate prices dropped slightly, and nickel sulphate prices were temporarily stable.

SMM March 31 News:

Raw material side, lithium carbonate prices fluctuated this week, cobalt sulphate prices dropped slightly, and nickel sulphate prices were temporarily stable.

This week, by ternary, LCO, and LFP material types, on the LFP hydrometallurgical side: taking LFP pole piece black mass as an example, at present, LFP pole piece black mass was priced at 6,450-6,850 yuan/prices per % lithium, with the transaction center continuing to rise WoW from last Thursday. As lithium carbonate futures and spot prices continued to rise on Monday, LFP black mass prices also rose slightly on Monday, but as lithium chemicals prices fell today, downstream market purchase sentiment turned cautious; on the ternary and raw material side, ternary hydrometallurgical enterprises had now fully resumed normal purchasing, but as nickel and cobalt prices changed relatively little and some enterprises still had certain inventory, the ternary and pure cobalt scrap markets saw relatively sluggish transactions this week, basically flat WoW.

metal prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

[Canada’s Economy Posts Moderate Growth in January, Q1 Pace Likely to Beat Forecasts]

Real GDP rose 0.1% in January, with an advance estimate of 0.2% in February, Statistics Canada said Tuesday. Growth was driven by the goods-producing sector, which expanded 0.2% for a second straight month, as gains in mining and oil and gas extraction offset a decline in manufacturing. Motor vehicle and parts manufacturing fell 10.8%—the largest drop since September 2021—as winter plant shutdowns extended into January, dragging auto output down 23.5% and wholesale trade down 1.2%. If March growth is flat, the economy is on track to expand at an annualized rate of 1.5% in the first quarter, slightly above market expectations of 1.4%.

Common.Time.minsAgo

[SMM Analysis] Atlantic Lithium Has Received Approval from the Ghanaian Parliament to Develop the Ewoyaa Project

Common.Time.minsAgo

[SMM Analysis] Guocheng Lithium Project Phase I Nears Trial Production

Common.Time.minsAgo