Auction Results: Albemarle's Battery-Grade Lithium Carbonate Fetches 72,700 Yuan/Ton, Winning Bidder to Self-Collect 150 Tons

QatarEnergy announced in a news release on its official website that, after deciding to halt production of liquefied natural gas (LNG) and its related products, the company will also suspend production of certain downstream products within Qatar, specifically including urea, polymers, methanol, and aluminum.

In February 2026, the solid-state battery industry accelerated its transition from pilot-scale trials to mass production, with sulphide electrolytes becoming the primary technological focus, and the national standard set to be released in July. Pilot lines such as those of Guoci Materials and Xinjie Energy were commissioned in rapid succession; 500 Wh/kg high-energy-density products were released one after another, and demand for dry-process electrode equipment surged.

[SMM Daily Review: Spot Lithium Carbonate Prices Fell Sharply on March 3] The SMM battery-grade lithium carbonate index price fell sharply from the previous working day. Futures side, after the most-traded contract opened at 170,000 yuan/mt in the morning session, it fluctuated downward throughout the session and at one point touched the limit-down price of 150,800 yuan/mt. It then rebounded slightly and hovered around 154,000 yuan/mt, but weakened again after the midday session and ultimately stayed locked at limit-down through the close. Open interest in the most-traded contract fell by about 39,000 lots from the previous trading day. Actual transactions, upstream lithium chemical plants’ willingness to sell spot orders remained weak, with a clear sentiment to hold back sales. After prices fell rapidly in the morning, downstream material plants’ purchase willingness strengthened markedly, and most enterprises adopted a laddered order-placement strategy to buy on dips. Overall, market inquiries were active and transaction momentum increased significantly.