Xinjiang Non-ferrous Spodumene Concentrate Auction Is Coming Again

Lithium, a unique element in the periodic table, has been known and utilized by humans for various purposes long before its prominence in the energy sector. Initially, lithium salts found applications in psychiatric medicine to treat mood disorders. The metal's lightweight and highly reactive properties soon made it valuable in other sectors, including the production of lubricating grease, glass, and ceramics. Its high energy density, electrochemical potential, and low atomic weight laid the foundation for its future role in energy storage solutions.

On June 18, lithium carbonate futures fell 3.63% to 92,800 yuan/ton (~12,782.37 USD/ton). The battery-grade index dropped to 97,064 yuan/ton (~13,369.70 USD/ton).

On May 30, lithium carbonate futures rose 1.05% to 104,900 yuan/ton (~14,468.97 USD/ton). The battery-grade index fell to 105,797 yuan/ton (~14,592.69 USD/ton).

The lithium market stands at the forefront of technological advancements, playing a pivotal role in powering modern innovations. With the increasing demand for lithium-ion batteries in various sectors, understanding the market trends becomes paramount. This blog aims to delve into the future landscape of the lithium industry, uncovering key insights and projections that will shape its trajectory.

On May 17, lithium carbonate futures rose 2.45% to 106,450 yuan/ton (~14,723.37 USD/ton). The battery-grade index dropped to 106,882 yuan/ton (~14,783.13 USD/ton).

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On May 8, lithium carbonate futures dropped 1.62% to 112,050 yuan/ton (~15,519.39 USD/ton). The battery-grade index stood at 111,609 yuan/ton (~15,458.31 USD/ton).

Today's lithium carbonate market was stable with a minor decline, as the SMM index dropped to 110,825 yuan/ton (~$15,307.32 USD/ton), and futures fell by 0.73%.

Today's lithium carbonate market showed stability with a minor futures decline of 0.53%, and the SMM index at 112,041 yuan/ton (~15,475.28 USD/ton).

Tianqi Lithium Corporation: The fundamental outlook for the lithium industry will continue to improve over the next few years