Lithium Carbonate Prices Edge Up Slightly Amid Inventory Decline and Seasonal Demand Pick-up

[SMM Daily Commentary: Lithium Carbonate Prices Remain Stable on September 2nd]

The SMM battery-grade lithium carbonate index price stood at 74,492 yuan/ton, marking a 33 yuan/ton increase from the previous working day. Battery-grade lithium carbonate ranged from 73,100 to 76,200 yuan/ton, with an average price of 74,650 yuan/ton, representing a 50 yuan/ton increase from the previous working day. Industrial-grade lithium carbonate traded between 69,900 and 71,000 yuan/ton, averaging at 70,450 yuan/ton, up 150 yuan/ton from the previous working day. Downstream material and battery cell factories are in the peak season preparation stage, with production schedules on the rise; while upstream lithium salt plants maintain relatively stable output, but their operating rates have slightly weakened. Against this backdrop, lithium carbonate has witnessed a long-awaited weekly decline in inventories. Influenced by this positive sentiment, some upstream lithium salt factories have raised their quotes. The actual spot transaction prices for downstream enterprises with rigid demand have also increased slightly. The price negotiation between upstream and downstream enterprises continues.