Australian Lithium Company's Subsidiary Signs a 3-year Lithium Battery Recycling Agreement with LG Energy Solution

[Lithium Weekly Update] "These scenarios should not be interpreted as a forecast by Arcadium Lithium as to the likely range of Lithium price in the second half of 2024, which they are not. However, they were lower from the initial pricing scenarios we provided in order to be more reflective of where the market is today, " said Gilberto Antoniazzi, Arcadium CFO.

In H1 2024, in terms of price, the price per ton of spodumene concentrate started at $1,070 and ended at $1,079, with the highest price reaching $1,143 in April and May, and the lowest price dropping to $910 in late February. The price of lepidolite concentrate started at 2,230 yuan/mt and ended at 2,145 yuan/mt, showing fluctuations but overall maintaining a strong balance between supply and demand.

Upholding the mission of "Continuous Innovation Driving the Accelerated Transition to Green Energy," GEO will showcase its cutting-edge solutions at the Battery Show, contributing to the high-quality development of the global new energy industry.

[Farasis Energy's Annual Production of 30GWh New Energy Battery Project Products Roll Off the Line]

On 9 April, Piedmont Lithium announced that production at North American Lithium (NAL) would ramp up as planned, with process recoveries exceeding targets and multiple daily production records achieved in March 2024.

Multiple car companies have started car purchase subsidy activities.

On March 8th, lithium carbonate futures fell by 0.70% to 113,350 yuan/ton, while spot prices slightly increased to an average of 108,900 yuan/ton, amid ongoing market adjustments.

【SMM Cobalt-Lithium Morning Meeting Summary: Lithium Carbonate Prices Rose Overall on Monday. On the supply side, some lithium salt companies were still in the early stages of resuming production after maintenance, resulting in relatively limited supplies available for spot sales beyond long-term contract orders. Some lithium salt companies have intentions for subsequent deliveries, but overall, lithium salt companies continue to sell long-term contract orders while pricing spot orders firmly. Their spot prices continue to rise. However, downstream companies like cathode material producers have given feedback that due to the recent continuous increase in lithium carbonate prices, while the pricing transmission of their products lags behind the lithium carbonate price hikes, the current pricing transmission situation makes it difficult to fully pass on the increased raw material costs to downstream customers, gradually squeezing production profits...】

On March 6th, lithium carbonate futures fell by 1.17% to 114,000 yuan/ton, while spot prices remained stable at an average of 107,500 yuan/ton amidst market steadiness.

Beteray: Achieved revenue of 251.19 billion yuan and a net profit attributable to shareholders of 1.651 billion yuan in 2023