SHANGHAI, Apr 14 (SMM) — Lithium carbonate stocks rose 1,455 mt in March, which accounted for about 8.3% of the supply. In March, China's lithium carbonate production surged 48%, with significant increase across Sichuan, Jiangxi, and Qinghai. Smelters resumed normal production after CNY following the completion of annual maintenance. This effectively filled domestic demand gap. The price of lithium carbonate rose by 13.4% month-on-month in March, which was slower than the price increase in January and February.
Smelting volume will continue to increase in April, mainly driven by Jiangxi and Qinghai. The domestic lithium carbonate stocks are accumulating, and some traders have recently begun to sell goods at lower prices. With the gradual entry into the off-season in May-June, the price of lithium carbonate may be at risk of downward correction.
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