Home / Metal News / Cobalt & Lithium / Demand rises but oversupply Chilean lithium mine export prices fall to 17-month lows in April
Demand rises but oversupply Chilean lithium mine export prices fall to 17-month lows in April
Jun 5,2019 09:50CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM6, May 5: according to data disclosed by Chilean customs, the export price of Chilean lithium carbonate has fallen to an average of US $10655 per ton, the lowest since November last year, Bloomberg reported. Prices fell 17.6% from a year earlier and 9% from a month earlier.

The price of lithium carbonate in South America also fell to $12750 in April and further to $12250 in May, the lowest price since June 2017, according to Benchmark Mineral Intelligence.

Previously, Soc., the world's second largest lithium producer, Quimica y Minera de Chile (SQM) has said the fall in lithium prices is far from over.

Lithium prices fell by 8% in the first quarter of 2019, but in the coming months, lithium prices are likely to fall by more than 25%.

Ricardo Ramos, the company's chief executive, said lithium miners were stepping up production to seize business opportunities as demand for lithium mines was rising at double-digit rates, but it was creating a glut of lithium mines. "related news-SQM: lithium mine short-term oversupply but bullish on long-term demand

(note: this article is translated from Bloomberg. If copyright issues are involved, please contact SMM and we will deal with them in a timely manner.)

"[investment must see] Trade friction news flying all over the metal how to win in chaos?

"Click to enter the registration page

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Lithium
capacity
price forecast
production

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news