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Home / Metal News / Lithium carbonate prices may have limited upside potential

Lithium carbonate prices may have limited upside potential

Apr 25, 2024 18:02

Source:SMM

Fluctuations in spot lithium carbonate prices have slowed down recently as sellers and buyers are basically in a deadlock.

Fluctuations in spot lithium carbonate prices have slowed down recently as sellers and buyers are basically in a deadlock. Supply side, smelters are resuming production slowly while April import should stay at March highs.

With smelters still holding back at low prices, market liquidity has declined. Demand side, the current high prices have discouraged most downstream enterprises from purchasing, with procurement only driven by essential needs. Some have completed stocking for upcoming Labour Day holiday.

Recovering supply means lithium carbonate prices may have limited upside potential.

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