Another lithium hydroxide production line is established in Jiujiang

On June 11, lithium carbonate futures fell 3.72% to 97,000 yuan/ton (~13,379.31 USD/ton). The battery-grade index dropped to 100,136 yuan/ton (~13,811.86 USD/ton).

In April 2024, China's lithium mine production totaled approximately 20,609 mt of lithium carbonate equivalent, representing a month-on-month increase of 29% and a YoY increase of 54%. It is expected that the supply and demand situation in the lithium mine market will shift from a tight balance to a relaxed state in May. Overall, lithium mine prices are expected to remain stable with some room for a slight decline.

In April, China's lithium iron phosphate (LFP) production reached 167,530 tons, representing a month-on-month increase of 22%, a year-on-year increase of 109%, and a cumulative year-on-year increase of 69%.

[SMM Lithium Manganese Oxide Weekly Review: Spot Lithium Manganese Oxide Prices Stable This Week] This week, SMM's price for lithium manganese oxide (capacity type) was 40,000-45,000 RMB/ton, with the overall market price remaining flat compared to last week. Lithium carbonate market prices experienced a slight fluctuation...

April 16th, according to the latest news, Volvo Car Group officially announced on their official Weibo account that they have signed a strategic cooperation memorandum with CATL. The two parties will deepen their cooperation in the field of battery recycling and closed-loop management.

Lithium-ion batteries are used in various fields, from electric cars to portable electronic products, but the maximum capacity of these batteries decreases over time.

Today's lithium carbonate market faced a downturn, with the SMM index falling to 111,085 yuan/ton (~15,343.23 USD/ton) and futures declining by 3.78%, reflecting cautious market sentiment.

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