SMM Daily Review: February 4 Spot Lithium Carbonate Prices Continued to Decline

Published: Feb 4, 2026 15:42

Save

The SMM battery-grade lithium carbonate index stood at 149,831 yuan/mt. Battery-grade lithium carbonate was priced at 142,000-164,000 yuan/mt, with an average of 153,000 yuan/mt. Industrial-grade lithium carbonate was priced at 139,000-160,000 yuan/mt, with an average of 149,500 yuan/mt.

The most-traded lithium carbonate futures contract fluctuated range-bound today, trading mainly between 145,600 yuan/mt and 152,600 yuan/mt. In terms of trading activity, upstream lithium chemical plants showed a clear sentiment to hold prices firm, and their willingness to sell spot orders remained weak. Downstream material plants maintained a cautious wait-and-see attitude, sticking mainly to a strategy of buying the dip. Overall market inquiries and transactions were slightly sluggish.

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

14 mins ago

Cobalt Market in 2026: Geopolitics Intensifies Market Volatility

14 mins ago

17 mins ago

[SMM Analysis] U.S. Launches "Project Vault", Adding Uncertainty to Cobalt Supply from DRC

The Democratic Republic of the Congo (DRC), the world’s top cobalt supplier (over 70% of global 2024 supply), imposed 2025 export bans/quotas, roiling cobalt prices. With large-scale exports unresumed, the U.S. launched "Project Vault" to secure critical minerals, adding DRC supply uncertainties and heightening geopolitical risks for Chinese cobalt procurement.

17 mins ago

2 hours ago

【750 Million RMB Spent Lithium Battery Comprehensive Utilization Project Lands in a City】

Recently, the Ecological Environment Bureau of a city in a province released an announcement regarding the approval of the environmental impact assessment documents for the "Retired Power Battery and Spent Lithium Battery Comprehensive Utilization Project" at the Guangzhou headquarters of a provincial new energy circular economy zero-carbon smart industrial park. A smart energy development company's project is located in a town, a district of the city, mainly constructing facilities to produce cascaded use batteries using 30,000 tons/year of spent lithium-ion battery packs (modules) as raw materials through disassembly and assembly processes.

2 hours ago