Demand May Drive Upward Movement of Spodumene Prices in the Future

Published: Apr 1, 2022 17:52

Source: SMM

Save

According to SMM research, Mt Cattlin has announced its prices of long-term orders of 2022Q2 lithium concentrate at $5,000/mt.

SHANGHAI, Apr 1(SMM) - According to SMM research, Mt Cattlin has announced its prices of long-term orders of 2022Q2 lithium concentrate at $5,000/mt. According to estimates, if produced by spodumene concentrate at the costs of $5,000/mt, the costs of battery-grade lithium carbonate can be 312,000 yuan/mt. Converted at a spot price of 500,000 yuan/mt for battery-grade lithium carbonate, the costs account for approximately 62.4%. SMM will continue to track the subsequent news.

During Q1 2022, prices of lithium carbonate were all the way up and the tight supply of raw material became a concern. The drive from the demand side will be the critical support for the upward movement of spodumene prices in the future.

Spodumene lithium carbonate

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

19 mins ago

Artificial Graphite Prices Rise, Natural Graphite Remains Stagnant [SMM Lithium Battery Anode Raw Material Market Weekly Review]

[SMM Lithium Battery Anode Raw Material Market Weekly Review: Artificial Graphite Prices Rise, Natural Graphite Remains Stable and Stagnant] May 7: This week, artificial graphite anode material prices showed an upward trend. Supply-demand side, effective capacity at leading anode enterprises remained tight.

19 mins ago

Graphitisation Tolling Service Quotes Remained Stagnant with Tug-of-War Between Sellers and Buyers Intensifying [SMM Lithium Battery Anode Raw Material Market Weekly Review]

[SMM Lithium Battery Anode Raw Material Market Weekly Review: Graphitisation Tolling Service Prices Remained Stable and Stagnant, Tug-of-War Between Sellers and Buyers Became Prominent] May 7: This week, graphitisation tolling service processing prices in China did not show significant fluctuations, and the tug-of-war between sellers and buyers became prominent.

19 mins ago

20 mins ago

Needle Coke Prices Remained Stable, Petroleum Coke Prices Rose Slightly [SMM Lithium Battery Anode Raw Material Market Weekly Review]

[SMM Lithium Battery Anode Raw Material Market Weekly Review: Needle Coke Prices Held Steady, Petroleum Coke Rose Slightly] May 7: This week, after the holiday ended in China, needle coke prices held steady while petroleum coke saw a slight increase. Cost side, Brent crude oil prices showed a pullback trend after the holiday.

20 mins ago