BMW Group And CATL Sign Cooperation Memorandum Of Understanding

[SMM Daily Review: Spot Lithium Carbonate Prices Continued to Decline on March 4] The SMM battery-grade lithium carbonate index price continued to fall from the previous working day. In terms of futures performance, the most-traded contract fluctuated within the range of 146,000–155,700 yuan/mt, while open interest in the most-traded contract decreased by about 600 lots from the previous trading day. In terms of actual transactions, upstream lithium chemical plants’ willingness to sell spot orders remained weak, with strong sentiment to hold back supply and hold prices firm. Morning prices fell rapidly to below 150,000 yuan/mt, boosting purchase willingness among downstream material plants. At present, most enterprises adopted a laddered order-placement strategy to buy on dips. Overall, market inquiries and transactions were relatively active.

[SMM Daily Review: Spot Lithium Carbonate Prices Fell Sharply on March 3] The SMM battery-grade lithium carbonate index price fell sharply from the previous working day. Futures side, after the most-traded contract opened at 170,000 yuan/mt in the morning session, it fluctuated downward throughout the session and at one point touched the limit-down price of 150,800 yuan/mt. It then rebounded slightly and hovered around 154,000 yuan/mt, but weakened again after the midday session and ultimately stayed locked at limit-down through the close. Open interest in the most-traded contract fell by about 39,000 lots from the previous trading day. Actual transactions, upstream lithium chemical plants’ willingness to sell spot orders remained weak, with a clear sentiment to hold back sales. After prices fell rapidly in the morning, downstream material plants’ purchase willingness strengthened markedly, and most enterprises adopted a laddered order-placement strategy to buy on dips. Overall, market inquiries were active and transaction momentum increased significantly.

[SMM Daily Review: Spot Lithium Carbonate Prices Fluctuate Upward on March 2] SMM's battery-grade lithium carbonate index price edged up compared to the previous working day. In terms of futures movement, the most-traded contract opened and surged to a high of 179,500 yuan/mt before fluctuating and pulling back, breaking below the 170,000 yuan/mt level, and then gradually stabilized and rebounded to consolidate around 172,000 yuan/mt. In the afternoon, prices edged up again, mainly fluctuating around 173,500 yuan/mt until the close. The open interest of the most-traded contract decreased by about 3,200 lots compared to the previous trading day. In terms of actual transactions, upstream lithium chemical plants maintained relatively firm quotes, with a weak willingness to sell spot orders. When futures prices dropped to 170,000 yuan/mt, some downstream material plants showed a slight recovery in purchase willingness, but most participants remained cautious, primarily adopting a wait-and-see approach. Overall, there were signs of a slight recovery in market inquiries and transactions.