Lepidolite Prices Extend Gains Amid Tight Supply, Persistently High Spodumene Prices Overseas Deter Chinese Importers

SHANGHAI, May 29 (SMM) – Lepidolite prices continued to rise last week amid tight supply. After the prices of lithium carbonate stabilised, mines who held back cargoes in hopes of even higher prices became more willing to sell and began to sign long-term orders. With unstable production and gradually recovering demand, lepidolite prices are expected to extend slight gains. Spodumene prices stabilised last week. Persistently high spodumene prices overseas have somehow suppressed Chinese importers’ buying interest. Spodumene prices may remain largely stable.

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