Zijin Mining Profit Jumps 15-fold in First Quarter

Today's lithium carbonate market remained stable with a slight uptick in the SMM index to 110,762 yuan/ton (~$15,277.52 USD/ton) and futures rising by 1.33%.

Today's lithium carbonate market saw the SMM index rise to 110,654 yuan/ton (~15,283.70 USD/ton), with futures up 0.22% and spot prices increasing by 300 yuan.

On March 13th, lithium carbonate futures rose by 0.38% to 118,800 yuan/ton, with spot prices reaching 111,000 yuan/ton, signaling a market in cautious optimism.

On March 8th, lithium carbonate futures fell by 0.70% to 113,350 yuan/ton, while spot prices slightly increased to an average of 108,900 yuan/ton, amid ongoing market adjustments.

January saw a decline in natural graphite anode prices, influenced by minimal demand, overcapacity, and reduced production. With the Chinese New Year, February anticipates further market cooling and price drops.

SMM battery-grade lithium carbonate index is 95,730 yuan/ton, increased by 90 yuan/ton compared with the previous working day; battery-grade lithium carbonate spot price is 94,300-998,000 yuan/ on, the average price is 97,100 yuan/ton, increased 300 yuan/ton compared with the previous working day; technical-grade lithium carbonate spot price is 80,000-910,000 yuan/ton, the average price of 89,500 yuan/ton, increased by 300 yuan/ton compared with the previous working day.