Zijin Mining Profit Jumps 15-fold in First Quarter

Today's lithium carbonate market saw minor declines, with the SMM index at 110,801 yuan/ton (~$15,304.01 USD/ton) and futures dropping by 2.14%, reflecting cautious market sentiment.

Today's lithium carbonate market saw the futures contract (2407) rise by 4.36% to close at 112,600 yuan/ton, while spot prices remained stable at an average of 109,750 yuan/ton.

Spot market stable at 107,500-112,000 yuan/ton, futures rose 0.88% to 108,500 yuan/ton, with 199,520 lots traded.

On March 18th, lithium carbonate futures increased by 3.00% to 116,900 yuan/ton, with spot prices mildly rising to an average of 112,550 yuan/ton, amidst strategic market adjustments.

On March 12th, lithium carbonate futures surged 4.13% to 119,850 yuan/ton, and spot prices rose to an average of 110,000 yuan/ton, amid market optimism and supply-demand adjustments.

In January, the average monthly price of 9990 magnesium ingots in the main producing areas was 20,190 yuan per ton, down 1.2% month-on-month. Looking back at January: At the beginning of the month, bearish sentiment still prevailed in the magnesium market, with prices continuing their downward trend from the previous year, falling to 20,100 yuan per ton, once again approaching the cost margin, leading to an increase in the willingness of magnesium plants to support prices; In mid-Jan, pre-spring-festival stockpiling makes the market price went a bit higher; Now, domestic 9990 magnesium ingots prices reduced to around 20100 again.

During the Spring Festival holiday, the LME metal on the outer disk "rose". London Xi led the way with a 3.85% increase, London copper rose 2.99%, London zinc rose 2.58%, London nickel rose 1.62%, London lead rose 0.88%, and London aluminum fell 0.31%.

According to SMM prices, lithium salt prices have resumed their upward trend over the past five trading days. The spot price of battery-grade lithium carbonate has recorded two positive closes in the five trading days.