Lithium ore prices to extend decline

In the week ending November 9, lepidolite prices began to decline. Suppliers, including miners and sellers, initially aimed to maintain high prices, but a gradual decrease in lithium salt prices dampened buyers' enthusiasm. On the demand side, major downstream companies have outsourced smelting, which, in theory, should reduce demand. Yet, as mining quotas for certain integrated lepidolite smelters approach their limits, these companies might seek external sources to sustain their lithium salt production levels. The lepidolite price is anticipated to stay relatively stable, with a potential dip in the future.

For the week ending November 9, the CIF price of spodumene concentrate experienced a marginal drop. There has been a rise in the number of oversea low-priced spot deals, and as the volume of inexpensive ore increases, a reduction in the price of imported ore is expected. In the short term, CIF prices for spodumene are likely to extend the downward trend.