Large lithium salt factories scheduled for maintenance and domestic supply tightens

SHANGHAI, Jan 26 (SMM) — According to SMM statistics, in January to February 2021, domestic lithium carbonate producers increased maintenance, reducing production by about 2,000 mt per month. Lithium hydroxide was less affected mainly due to the significant increase in overseas demand. However, the production of domestic downstream material plants has little impact during the CNY holidays.

On the contrary, some expansion projects have been commissioned and the demand for lithium salt has increased significantly. The material factory has basically completed the restocking for CNY holidays, but the demand for raw materials are likely to increase after the holidays. Prices of lithium salt are expected to continue to rise in the near term.

Some lithium carbonate producers reduced about 15% of output, spot cargoes supply tightened

Source: SMM

Production at lithium hydroxide plants likely to remain normal levels during CNY holidays

Great supply pressure at producers amid sharp increase in overseas demand

Source: SMM

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