Sichuan New Energy Power to commission 10,000-mt lithium salt capacity by year-end

The widespread coronavirus has deterred production of NEVs in the European countries, and this may impact the global prospects for NEV production and take a toll on the consumption of raw materials. Last week, bearish sentiment continued to prevail in the cobalt market, which depressed downstream purchases and added to upstream inventory pressure. Sluggish demand reduced prices of battery-grade lithium carbonate, which were underpinned by costs, while fundamentals supported prices of industrial-grade lithium carbonate. 

Industrial activity levels outside of central China continues to improve as workers return from quarantine periods and logistics pressures eased.

Stable demand from battery anode will cap the decline in lithium salt prices

Cobalt, lithium prices may remain under pressure from excessive supplies in H2

Overseas prices of cobalt continued to dip as of Jun 13, in line with SMM expectations

Domestic prices of lithium salts will face downward pressure as demand fell

Overseas prices of cobalt extended their increase, but still stood some 30,000 yuan/mt lower than prices in Chinese markets

LCO battery demand from the global consumer electronics markets is estimated to fall 2% to 31.92GWh in 2019

Demand for battery-grade lithium metal from bike sharing services and electronic cigarette has decreased year on year

Catamarca signed an agreement to support FMC’s plan of expanding lithium output in the region.