Lithium carbonate
The prices of lithium carbonate rose last week. The upstream large manufacturers rarely quoted recently, but the spot price has increased to about 530,000 yuan/mt. It is expected that the offers of leading manufacturers are likely to rise slightly after they finish the delivery of long-term orders. The upstream lithium salt smelters maintained stable production, while the spot trades were brisk. Slower shipments of lithium carbonate extracted from salt lakes further boosted the prices of industrial-grade lithium carbonate. At present, the downstream battery material factories have commenced restocking at the end of the month. The uplift in purchase was the driving force behind the increasing transaction prices. The average price of imported lithium carbonate in August rose 14% from the previous month, and it is expected that the price will inflate in September.
Lithium hydroxide
The prices of lithium hydroxide move upward last week. Since the domestic battery material factories have been restocking and preparing for the production in October, the orders for high-nickel battery materials kept increasing. The upstream enterprises resumed normal production with the end of power rationing and maintenance. The quotations of domestic lithium hydroxide smelters stood at 489,000-500,000 yuan/mt, with a slower increase than that in lithium carbonate prices.
