No end in sight for short-term lithium carbonate price

In the week ending November 9, lithium carbonate prices continued to fall. Upstream salt plants insisted on their prices for spot orders, but with the sparse transactions, prices would only go down. Some downstream ternary cathode material producers have been offloading lithium carbonate stock, suggesting a short-term focus on inventory reduction for cost efficiency, thereby capping short-term demand growth for lithium carbonate. With some smelters who source raw materials externally operating at losses, a slowdown in the drop of spot market transaction prices is anticipated.