SMM, 11 May:
Hunan Jinkai Circulation Technology Co., Ltd. has been on holiday and stopped producing lithium carbonate since May 1, and has officially resumed work since today, with a shutdown time of about 10 days.
Kincaid cycle mainly produces battery grade lithium carbonate, using recycled material as raw material, with an annual production capacity of 3600 tons. Before the shutdown, the company produced about 250 tons of lithium carbonate and held about 200 tons of inventory, but did not receive downstream enquiries a week after the May Day holiday. The current market battery grade lithium carbonate is 4.3-44500 yuan / ton, the average price is down 0. 5% from the previous day. 50000 yuan per ton.