Qinghai Provincial Department of Industry and Information Technology actively promotes the construction of a world-class salt lake industry base. The lithium metal production in the province increased by 86.6% in the first quarter.

Today's lithium carbonate market saw a minor decline with the SMM index at 112,124 yuan/ton (~15,486.74 USD/ton) and futures closing down 0.49%, reflecting subtle market shifts.

Today's lithium carbonate market remained stable with the SMM index at 112,316 yuan/ton (~15,513.26 USD/ton), while futures dropped by 3.06%, reflecting cautious market optimism.

On 1 April, Brazilian lithium producer Sigma Lithium released the FY2023 earnings results, highlighting its market performance and production expansion plan.

LiCarbonate Daily: March 27 - Spot prices dip to 109,750 yuan/ton (↓750), while future contracts edge up by 0.51% to 108,400 yuan/ton.

On March 15th, lithium carbonate futures dipped by 0.65% to 115,050 yuan/ton, while spot prices remained stable at an average of 112,250 yuan/ton, amid cautious market sentiment.

Australian lithium producer Core Lithium released the half year financial report and the step down of CEO on 12 March. Disclosures point to multiple challenges ahead, including financial loss, inability to fulfill offtake agreements, and management executives reshuffle due to the downturn in lithium prices. 

On February 28th, SMM reports rising lithium carbonate prices amid slow supply recovery, market concerns, and limited acceptance of price increases despite steady demand.

February 27: Lithium carbonate prices surged, driven by slow post-holiday production resumption and concerns over future supply.

Most Actively Traded Lithium Carbonate Contract Continues to Rise, Up 1.94% 【SMM Futures Review】SMM News on February 26: On February 26, the most actively traded lithium carbonate futures contract 2407 continued to rise by 1.94%. Data shows that the most actively traded lithium carbonate futures contract 2407 opened at RMB 102,000/ton and closed at RMB 102,300/ton, with a trading volume of 215,205 lots and open interests of 179,602 lots, an increase of 5,818 lots from the previous trading day. SMM’s spot price quotation for battery-grade lithium carbonate on the same day was RMB 94,300-99,000/ton, averaging at RMB 96,650/ton, an increase of RMB 400/ton from the previous working day. Judging from the trend, lithium carbonate prices opened slightly higher in the morning and then fluctuated lower, running to the day's low of RMB 101,250/ton before fluctuating higher. After the noon opening, the most actively traded contract fluctuated lower in a small range before finally closing up 1.94%.