Lithium Carbonate Prices Jumped by 1,000 yuan/mt in A Single Day, Lithium Hexafluorophosphate Prices Rose for Five Consecutive Days

Published: Aug 3, 2022 11:48

Source: SMM

Save

SHANGHAI, Aug 3 (SMM) - On August 2, the SMM spot prices of domestic battery-grade lithium carbonate rose by 1,000 yuan/mt, reaching 466,000-477,000 yuan/mt, with an average price of 471,500 yuan/mt.

SHANGHAI, Aug 3 (SMM) - On August 2, the SMM spot prices of domestic battery-grade lithium carbonate rose by 1,000 yuan/mt, reaching 466,000-477,000 yuan/mt, with an average price of 471,500 yuan/mt.
At the same time, the spot quotations of industrial-grade lithium carbonate has also ushered in a wave of rise. As of August 2, the spot quotations of industrial-grade lithium carbonate climbed to 452,000-457,000 yuan/mt, with an average price of 454,500 yuan/mt, an increase of 1,500 yuan/mt in a single day.
SMM survey shows that the current supply of lithium carbonate is still tight. Although overseas lithium carbonate is gradually entering the domestic market, the supply side will remain tight as the overhaul of major domestic smelters has not yet ended. The demand side is showing obvious signs of recovering. The production and sales of new energy vehicles increased month-on-month, boosting demand in the industry chain. The demand for lithium cobalt oxide from electronics sector is weak, while LFP plants are now willing to buy at the current high prices. As such, the price rise of lithium carbonate was limited.
Prices of lithium hexafluorophosphate, one of the main raw materials for electrolytes, saw a daily rise of 500 yuan/mt in recent days. As of August 2, the spot price of lithium hexafluorophosphate climbed to 249,000-265,000 yuan/mt. The price increase of lithium hexafluorophosphate was mainly driven by higher raw material prices.

Spot SMM Market

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

1 hour ago

[SMM Analysis] The arrival volume of spodumene in January 2026 reached a record high then declined in February.

1 hour ago

Mar 20, 2026 19:18

Guangdong's First Standalone ESS Project Linked to Offshore Wind Grid

On March 14, the Zhanjiang Xuwen 200 MW/400 MWh standalone shared ESS power station project, built by Energy China Guangdong Electric Power Design Institute under the integrated “research-industry-investment-construction-operation” model, was successfully connected to the grid, becoming Guangdong Province’s first standalone energy storage project connected to a large-scale offshore wind power grid connection point. The project adopts advanced grid-forming technology and a fully liquid-cooled cascaded LFP ESS, featuring millisecond-level rapid response, high safety, and a cycle life of more than 6,000 cycles, effectively enhancing the power grid’s capacity to accommodate and regulate fluctuating new energy sources such as offshore wind power. The project can simultaneously serve new energy consumption, power grid peak shaving and frequency regulation, and emergency power supply support, becoming a key carrier for the local development pattern of “wind and solar power + energy storage support + zero-carbon port industries.”

Mar 20, 2026 19:18

Mar 20, 2026 17:41

XPeng Motors Reports Q4 2025 Revenue Growth, Forecasts Q1 Delivery Decline

XPeng Motors' Q4 2025 revenue was 22.25 billion yuan, up 38.2% YoY; Q4 non-GAAP net profit was approximately 510 million yuan. XPeng Motors expected Q1 vehicle deliveries to decline 29.8%-35.1% YoY, to between 61,000 and 66,000 units.

Mar 20, 2026 17:41