SMM Daily: Lithium Carbonate Spot Prices Rose on January 10 Due to Firmer Upstream Stance

Published: Jan 10, 2025 15:44
[SMM Daily Review: Lithium Carbonate Spot Prices Rose on January 10]

The SMM battery-grade lithium carbonate index price was 75,594 yuan/mt, up 116 yuan/mt from the previous trading day. Battery-grade lithium carbonate was quoted at 74,800-76,600 yuan/mt, with an average price of 75,700 yuan/mt, up 200 yuan/mt from the previous trading day. Industrial-grade lithium carbonate was quoted at 71,950-72,950 yuan/mt, with an average price of 72,450 yuan/mt, up 150 yuan/mt from the previous trading day. Based on the current market transactions, pre-holiday restocking is nearing completion, and transaction activity has slightly weakened. Upstream lithium chemical plants maintained a firm stance on discounts for 2025 long-term contracts and spot cargoes, while traders have recently raised their quotes. As a result, lithium carbonate spot prices increased today. Considering the tight supply-demand balance for lithium carbonate in January and the market's circulating inventory levels, it is expected that lithium carbonate spot prices will exhibit sideways movement.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth
11 hours ago
Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth
Read More
Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth
Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth
On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State
11 hours ago
Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run
11 hours ago
Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run
Read More
Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run
Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run
On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.
11 hours ago
750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational
11 hours ago
750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational
Read More
750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational
750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational
On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.
11 hours ago