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

8 hours ago

[SMM Analysis] ITC Rejects Tariffs on Chinese Graphite Anodes, Final Duties Not Imposed

[SMM Analysis] On March 12, 2026, the US International Trade Commission (ITC) ruled against imposing tariffs on graphite imports from China. Below is the complete timeline of the US anti-dumping and countervailing duty (AD/CVD) investigation into China’s active anode material (graphite anode) imports, the duty rates at each stage, and the latest outcome as of March 12, 2026.

8 hours ago

10 hours ago

NDRC Approves Hami-Dunhuang Third 750 kV Transmission Line Project

Recently, the National Development and Reform Commission (NDRC) issued the Reply on the Approval of the Hami–Dunhuang Third 750 kV Transmission Line Project, formally approving the Xinjiang Hami–Dunhuang Third 750 kV Transmission Line Project. The implementation of this project was of great significance for improving the backbone structure of the main power grid in Northwest China, strengthening the mutual support capacity between the Gansu and Xinjiang power grids, and enhancing Xinjiang’s capacity to absorb new energy. According to previously disclosed environmental impact assessment information, the project had a total static investment of 1.3509 billion yuan and was scheduled for completion in March 2027.

10 hours ago

Jijing UHV DC Project Enters Final Feasibility Stage, Aiming for 2029 Operation

On March 12, it was learned from State Grid Jilin Electric Power Co., Ltd. that the project to transmit power from the Songliao Clean Energy Base in Northeast China to North China (the “Jijing UHV DC Project”) officially entered the final stage of the feasibility study. According to the plan, the project is expected to complete project approval in 2026, enter the substantive construction phase in 2027, and be completed and put into operation in 2029.

10 hours ago