SHANGHAI, Aug 28 (SMM) – In the week ending August 24, lepidolite prices have gradually stabilized. Following lithium carbonate's price stability on August 21, there's been an uptick in market inquiries and a growing inclination towards signing long-term lepidolite orders. Due to the still scarce supply of lepidolite, even low-grade lepidolite concentrate from certain Jiangxi beneficiation plants has attracted traders. However, with unclear lithium salt price trends, some lithium salt factories remain cautious, observing before making large raw material purchases. Short-term expectations suggest lepidolite prices will remain stable.
In the week ending August 24, spodumene prices continued to fall. Uncertainty about future lithium prices and current lithium salt costs have led to fewer spot orders or domestic port transactions. Still, overseas mines maintain strong bargaining power, offering some support to spodumene prices. Domestic spodumene holders, due to holding costs and watchfulness over market trends, exhibit moderate willingness to sell. With spodumene prices trailing behind lithium carbonate price changes, we can expect a slight continued weakening of spodumene prices in the short term.
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