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

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.