SMM New Energy Industry Weekly Sharing – Lithium Salt 14th May 2024

Lithium Carbonate:

On Monday, the price of lithium carbonate continued to decline from last Friday. On the supply side, some lithium salt producers are still relatively conservative in their spot prices, but may slightly lower their prices based on market sentiment. Some downstream cathode companies have made a small amount of spot purchases as prices dip today, leading to a slight increase in overall market transaction volume. Some downstream companies are bearish on prices in the short term and are still adopting a wait-and-see attitude. It is expected that lithium salt prices will continue to fluctuate in the short term, with a certain level of downward risk.

Lithium Hydroxide:

On Monday, the price of lithium hydroxide decreased. From the current market perspective, recent lithium hydroxide transactions have been relatively quiet, with few deals done. Among them, smelting enterprises have resumed operations and production, leading to a continuous increase in lithium hydroxide supply. However, on the demand side, most ternary enterprises have already stockpiled lithium hydroxide until late May, resulting in relatively high inventory levels. Many companies are mainly consuming their own inventory, and recent weak demand for high nickel ternary materials has also led downstream buyers to have downward expectations for lithium hydroxide purchases. Various factors have caused some smelters to relax their price support stance, resulting in a downward trend in quotations. It is expected that lithium hydroxide prices will continue to decline in the future.

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