Home / Metal News / Lepidolite Prices Extend Gains Amid Tight Supply, Persistently High Spodumene Prices Overseas Deter Chinese Importers

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

iconMay 29, 2023 13:15
Source:SMM
SHANGHAI, May 29 (SMM) – Lepidolite prices continued to rise last week amid tight supply.

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.

More popular news

China To Actively Expand Domestic Effective Demand And Boost New Energy Vehicle Sales, National Development And Reform Commission Says        


Goldman Sachs, Barclays warn: Fed will not cut interest rates this year


Balance of M2, M1 and M0 All Rise, China’s Central Bank Says


China April Lithium Carbonate Import Volumes And Prices Both Crashed From March, Despite A Surge From A Year Ago


SMM Comment: SHFE and LME Base Metals Mostly Fall, Oil Rise on Supply Jitters after Saudi Arabia Energy Minister Warns He Would Make Short Sellers Suffer, Dollar Falls on US Debt Ceiling Issue


SMM Comment: Oil Falls as Remarks by Russian Minister Contradicts Bullish Signal from Saudi Arabia, SHFE and LME Base Metals Outperform Ferrous Metals, Market Bets on US Rate Cut in September



UN and IMF Raise Forecasts for China GDP, Regulators Promise Measures to Boost Growth


Chinese Lithium Carbonate Smelters Have Smaller Appetite for Overseas Spodumene Concentrate, April Customs Data Shows


Lithium Carbonate Price Rally Was Not Driven By Robust Demand Recovery


SMM Morning Comments (May 23): Base Metals Closed Mostly with Losses on US Macro Headwinds


Goldman Sachs: China will be the only major economy with positive growth this year, bullish bets on new energy vehicles and biotechnology in the long run


CITI Research Lowers Price Forecast for Nickel, Aluminium and Zinc in 2023-2024 But Bets on Higher Copper Prices


Goldman Sachs Cuts Copper Price Forecast Amid Slowing Western Manufacturing, But Bank Of America Bets On Higher Copper Prices, Citing A Surge In Demand From China




Market forecast
Market review

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All