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Lithium Ore Price Review and Forecast

iconMay 21, 2024 22:51
Source:SMM
In the week of May 13-16, the price of lepidolite declined. Due to the recent decrease in lithium carbonate prices, some lithium salt plants in Jiangxi have not shipped their products considering cost issues.

Lithium Ore Price Review and Forecast

In the week of May 13-16, the price of lepidolite declined. Due to the recent decrease in lithium carbonate prices, some lithium salt plants in Jiangxi have not shipped their products considering cost issues. Additionally, the pessimistic sentiment regarding the future price trend of lithium carbonate led to a reduced demand for lepidolite. It is expected that in the short term, the lepidolite market will continue to experience an oversupply situation, with prices having room for a slight decline. In the week of May 13-16, the price of spodumene slightly decreased. The drop in lithium carbonate prices has exerted some downward pressure on spodumene prices. However, the current market has a tight supply of spot goods, with some imported ores being absorbed by the market. Some leading lithium salt enterprises have sufficient stockpiles, resulting in no immediate need to restock and are in a wait-and-see mode. However, some lithium salt plants with insufficient stockpiles are seeking spot goods to fulfill long-term contracts, causing only minor fluctuations in spodumene prices. It is expected that in the short term, the lithium market will remain strong on both supply and demand sides, with spot goods still being relatively scarce. Spodumene prices are expected to remain stable, with a slight downward trend possible.

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