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 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).

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

Ternary cathode material prices rebounded a little in the week ending April 3. Climbing lithium prices pushed up cathode costs. Entering April, major battery cell makers reduced lithium carbonate supply to cathode makers.

Today, the lithium carbonate market saw the SMM index rise by 1,473 yuan to 110,280 yuan/ton, with futures contracts up 1.14% and spot prices increasing by 1,000 yuan.

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On March 26, the 1.5GWh sodium-ion battery production line project of Changde Cospower New Energy Technology company commenced construction in Changde City, Hunan Province.