[SMM Daily Review: Lithium Carbonate Prices Decline on December

Markets News

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

NewsFlash / Cobalt & Lithium / SMM Daily: Lithium Carbonate Prices Drop on December 16 Amid Reluctant Selling

SMM Daily: Lithium Carbonate Prices Drop on December 16 Amid Reluctant Selling

Dec 16, 2024 13:40

Source:SMM

[SMM Daily Review: Lithium Carbonate Prices Decline on December 16]

The SMM battery-grade lithium carbonate index price was 75,876 yuan/mt, down 392 yuan/mt from the previous trading day. Battery-grade lithium carbonate was priced at 74,500-77,500 yuan/mt, with an average price of 76,000 yuan/mt, down 400 yuan/mt from the previous trading day. Industrial-grade lithium carbonate was priced at 72,250-73,250 yuan/mt, with an average price of 72,750 yuan/mt, down 400 yuan/mt from the previous trading day. Currently, upstream lithium chemical smelters exhibit a strong sentiment to stand firm on quotes. Traders are also reluctant to sell high-quality lithium carbonate, but older stocks are being sold to downstream material plants at lower price points, which has dragged down the price center of lithium carbonate spot transaction prices. Considering the narrowing monthly destocking of lithium carbonate and the cumulative inventory levels, it is expected that lithium carbonate spot prices will have limited downside room.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

To promote the recycling of renewable resources and standardize the import management of recycled black mass raw materials for lithium-ion batteries and recycled steel raw materials, on June 9, 2025, the Ministry of Ecology and Environment, jointly with the General Administration of Customs, the National Development and Reform Commission (NDRC), the Ministry of Industry and Information Technology, the Ministry of Commerce, and the State Administration for Market Regulation, issued the Announcement on Regulating the Import Management of Recycled Black Mass Raw Materials for Lithium-ion Batteries and Recycled Steel Raw Materials (Announcement No.14 of 2025), which will come into effect on August 1, 2025.

Jul 21, 2025 13:35

Industry

Official Interpretation of the Announcement on Regulating the Import Management of Recycled Black Mass Raw Materials for Lithium-ion Batteries and Recycled Steel Raw Materials

[7.21 Lithium Battery News] MIIT and Others Hold a Symposium on the NEV Industry | Sales Forecast for Passenger Car Terminals in July

Jul 21, 2025 09:23

Selected News

【SMM Analysis】Energy Storage & EV Market Analysis: Steady June Demand, Subdued Activity, Further Decline Expected in July

From an overall data analysis perspective, rigid demand in the energy storage sector provided stable support at the end of June. Both domestic and overseas demand received some support due to mid-year factors and various policies. The automotive sales boom driven by early June car shows gradually subsided. The market penetration rate of new energy vehicles remained stable, and current consumption momentum in the end market is insufficient. It is expected that there will be some incremental growth in end demand, but it will be relatively limited. In terms of market transactions, by the end of June, market activity remained subdued. Some echelon battery manufacturers basically avoided building significant inventory, maintaining a strategy of purchasing only for essential needs. Moving into July, after the mid-year period, demand in both the power and energy storage markets has the potential to decline further.

Jul 20, 2025 18:27

Analysis

【SMM Analysis】Recycling Industry Events This Week (July. 7-11)

【SMM Analysis】Recycling Industry Events This Week (July. 7-11) This week's recycling industry events.

Jul 20, 2025 18:20

Analysis

[SMM Analysis] Recent Updates on Recycling Incidents: 7.14-7.18

The progress of the recall incident this week is as follows:

Jul 20, 2025 18:16

Selected News

[SMM Analysis] Recent Updates on the Recycling Incident: 7.7-7.11

The progress of the recall incident this week is as follows:

Jul 20, 2025 18:12

Selected News

【SMM Analysis】Weekly Hydromet Update: Minor Salt Price Gains, Mixed Black Mass Rates

This week, prices for salt products such as cobalt sulfate and lithium carbonate saw slight increases, while nickel sulfate prices mainly fluctuated, experiencing a minor dip driven by declining nickel prices. The nickel and cobalt recovery rates for black mass like ternary and lithium cobalt oxide remained largely stable, while the lithium recovery rate saw a slight increase. The lithium point price for LFP black mass also continued to rise. Currently, the lithium point price for LFP cathode black mass is RMB 2,200-2,350 per lithium point, and for LFP battery black mass it is RMB 2,000-2,200 per lithium point, representing an increase of RMB 50 per lithium point compared to last week.

Jul 20, 2025 17:51

Analysis

【SMM Analysis】Weekly Battery Black Mass & Salt Price Update (2025.7.7-2025.7.11)

This week, salt products like cobalt sulfate and lithium carbonate continued to see price increases. Nickel sulfate prices mainly fluctuated, but due to insufficient demand support in the short term, prices trended upward. This week, coefficients for materials like ternary black mass and lithium cobalt oxide black mass saw slight increases.Currently, the lithium point price for lithium iron phosphate (LFP) cathode black mass is RMB 2,150-2,300 per lithium point, while for LFP battery black mass it is RMB 1,950-2,150 per lithium point.

Jul 20, 2025 17:44

Analysis

The Innovation and Market Impact of Marex's Cobalt-Linked "Cash-and-Carry" Structured Note

Marex Financial Products has recently launched a structured "cash-and-carry" note linked to cobalt, marking a significant step forward in the financial innovation of commodity markets. This is not only Marex’s first structured yield product based on cobalt—a critical raw material—but also a testament to its integrated capabilities across physical asset acquisition, risk management, and financial product structuring.

Jul 18, 2025 19:00

Analysis

【SMM Analysis】Ghana Moves to Revise Ewoyaa Lithium Deal as Price Plunge Threatens Viability

Ghana's government is preparing to renegotiate terms of the Ewoyaa lithium mining agreement after a precipitous drop in global lithium prices has jeopardized the project's economic feasibility.

Jul 18, 2025 18:50

Analysis Industry

SMM Events & Webinars

All

Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  London , the United Kingdom
Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Stainless Steel Industry Conference 2025
  Oct 20 - 21,2025
  Xiamen, China

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025