【SMM Analysis】December Lithium Spodumene Concentrate Import Volume Fluctuates Again, Subsequent Import Prices May Follow Market

December 2023 saw China import approximately 435,668 metric tons of lithium spodumene concentrate, reflecting a 15.1% increase from the previous month and a 41% increase year-on-year. The average import price was around $1,735, although this may not represent the actual transaction price. December's increase in import volume can be attributed to production from Australia, with imports from the country accounting for 66% of the total monthly imports. Notably, spodumene concentrate imports from Zimbabwe also saw a significant increase, mainly due to Chinese-funded enterprises in the country focusing on shipping lithium concentrate to China.

It is worth noting that this summary only counts the quantity of lithium spodumene concentrate under customs data. Additionally, raw lithium ore imports from Australia and Africa totaled about 187,495 tons, with an average price of approximately $344.

Market research indicates that the CIF price trend for lithium spodumene concentrate is relatively stable, and Australian mines are expected to maintain stable pricing based on monthly formula pricing. However, there is some pressure on pricing in negotiations with the mining side due to the belief that lithium prices will continue to decline in February and March. It is expected that the import price of lithium spodumene concentrate may still have some room to decrease following the market, particularly if lithium salt prices fall after the Spring Festival due to lower-than-expected demand.

Please note that China and Australia's customs may not accurately record the actual import volume of lithium spodumene concentrate, and this summary is based on the general trend of import volume.

For more information contact Gina Wen: ginawen@smm.cn