Sharp Output Cuts Led to Lithium Ore Shortages, High Import Prices Drove Lithium Salt Producers to Shut Down

Published: May 10, 2023 16:45
Source: SMM
Lithium ore prices continued to stabilise last week. The current supply of lepidolite is still very limited. The mining volume has been reduced significantly, and the mining area has not been widened.

Lithium ore prices continued to stabilise last week. The current supply of lepidolite is still very limited. The mining volume has been reduced significantly, and the mining area has not been widened.

Leading mining companies such as Yichun Tantalum Niobium Mine are still in normal production, but the demand is so strong that these companies are about to stock out, which drove the mines to halt their sales. This increased inquiries under long-term contracts at other mining companies.

Import prices of spodumene remained high, and some lithium salt companies using imported cargoes continued to cut output or remained closed, or shifted their capacity into OEM capacity. Thanks to the stability of overseas prices under long-term contracts, production schedules of leading lithium salt enterprises will not be affected by the current prices of spodumene.

More popular news:

'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices

US Treasury Bill Rates Soar to Record High on Debt Ceiling Jitters

Russia is Accelerating Technology to Become Top Liquefied Natural Gas Supplier by Tripling Exports By 2030

Rio Tinto Warns of Risks for Paying High Premiums for Lithium Mines after Plunging Lithium Prices Triggered Acquisition Rush

SMM Daily Comments (May 5): LME Base Metals Rose across the Board, SHFE Nickel Plunged

IMF Slashes Saudi Arabia GDP Growth 2023-2024, Saying the Country Can’t Achieve Budget Balance This Year unless International Oil Prices Surge to $81 per Barrel

JPMorgan Asset Management: US Treasury Bonds will Strengthen

JPMorgan: How to Invest Amid a Likely Recession? Investors are Turning to Gold and Tech Stocks

A Bull Gold Market Has Just Begun 

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
Shaanxi Construction No.7 Group's Hybrid ESS Project in Yuncheng Enters Trial Operation
13 hours ago
Shaanxi Construction No.7 Group's Hybrid ESS Project in Yuncheng Enters Trial Operation
Read More
Shaanxi Construction No.7 Group's Hybrid ESS Project in Yuncheng Enters Trial Operation
Shaanxi Construction No.7 Group's Hybrid ESS Project in Yuncheng Enters Trial Operation
Recently, the official account of Shaanxi Construction No. 7 Construction Group announced that Phase I of the 200 MW/301.75 MWh hybrid frequency regulation ESS power station project in the Yuncheng Economic and Technological Development Zone, Shanxi, which it undertook, was successfully connected to the grid and officially entered the trial operation stage. The project mainly includes the construction of a 50 MW flywheel independent frequency regulation ESS, a 150 MW LFP electrochemical ESS, a 220 kV substation, and supporting facilities, adopting a hybrid model of “flywheel energy storage + LFP electrochemical energy storage.”
13 hours ago
Sinoma Overseas' PV+ESS Project in Xuzhou Officially Launches on March 16, 2026
13 hours ago
Sinoma Overseas' PV+ESS Project in Xuzhou Officially Launches on March 16, 2026
Read More
Sinoma Overseas' PV+ESS Project in Xuzhou Officially Launches on March 16, 2026
Sinoma Overseas' PV+ESS Project in Xuzhou Officially Launches on March 16, 2026
Recently, the PV+ESS integration project of Xuzhou Sinoma Cement Co., Ltd., invested in and built by Sinoma Overseas, successfully achieved a breakthrough at a key period and was officially energized and put into operation on March 16, 2026, marking the formal commissioning of this regional integrated demonstration project for “hybrid energy storage + PV.” The project deeply integrated PV power generation and hybrid energy storage technologies to establish a clean energy supply system featuring “self-generation for self-use, flexible regulation, safety, and high efficiency.” The project’s total ESS installations capacity reached 10 MW/20 MWh, with total PV capacity of 11.38 MW, forming a complete green energy chain of “PV power generation + hybrid energy storage,” providing continuous and stable power support for production processes, building a closed-loop smart energy system with deep integration across the power generation side, energy storage side, and power consumption side, and realizing intelligent coordination and optimized operation throughout the entire life cycle of energy production, storage, consumption, and regulation.
13 hours ago
Gaoyi County's 300 MW/600 MWh Shared ESS Power Station Achieves Full-Capacity Delivery
13 hours ago
Gaoyi County's 300 MW/600 MWh Shared ESS Power Station Achieves Full-Capacity Delivery
Read More
Gaoyi County's 300 MW/600 MWh Shared ESS Power Station Achieves Full-Capacity Delivery
Gaoyi County's 300 MW/600 MWh Shared ESS Power Station Achieves Full-Capacity Delivery
Recently, the Shijiazhuang Gaoyi County 300 MW/600 MWh shared ESS power station, a key new-type energy storage project in Hebei province, officially completed the full-capacity delivery of its ESS, marking this regional benchmark energy storage project’s entry into the critical stage before production and operation. The successful delivery of the Gaoyi County 300 MW/600 MWh shared ESS power station represents another landmark implementation of Zhiguang Energy Storage’s core technologies in large-scale shared energy storage projects in north China, further consolidating Zhiguang Energy Storage’s industry-leading position in the field of cascaded high-voltage, large-capacity energy storage.
13 hours ago
Sharp Output Cuts Led to Lithium Ore Shortages, High Import Prices Drove Lithium Salt Producers to Shut Down - Shanghai Metals Market (SMM)