[SMM Analysis] Lithium Ore Weekly Market Trends (March 10–March 14)

Published: Mar 13, 2025 16:31

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This week, spodumene prices showed a slight downward trend WoW, mainly influenced by the downward fluctuation of lithium carbonate prices and the pessimistic expectation of continued decline. Some buyers exhibited moderate purchase willingness for high-priced spodumene, forcing a slight decrease in overseas ore prices. Regarding lepidolite, this week, Yichun Mining Company's auction price for 2.5% grade was 2,260 yuan/mt, providing certain price guidance for small and medium-sized traders. Small and medium-sized suppliers faced a dilemma between cost pressure and market risks, with moderate sentiment for selling. Constrained by the current undersupply of lithium concentrates, the expected downward trend remains lagging behind lithium carbonate prices.

This week, spodumene prices showed a slight downward trend WoW. The main reasons were the downward fluctuation in lithium carbonate prices and the pessimistic expectations for subsequent lithium chemical prices. Some buyers exhibited moderate purchase willingness for high-priced lithium ore, forcing overseas ore prices to slightly decline. On the supply side, overseas Australian mines have been actively shipping recently, with CIF transaction prices ranging from $850-870/mt. Although there was a downward trend compared to earlier periods, prices remained at high levels. Domestic lithium ore production remained low, while shipments and port arrivals of African ore were lower than before due to the overseas rainy season and exchange rate fluctuations. The circulation of domestic concentrates was limited, and price fluctuations were relatively smaller compared to lithium carbonate.

For lepidolite, this week, the auction transaction price of 2.5% ore from Yichun mining companies was 2,260 yuan/mt, providing some price guidance for quotes from small and medium-sized traders. The supply of lepidolite from small and medium-sized miners mostly came from previous inventories. Due to high storage costs and capital turnover pressures, they showed a strong willingness to sell. However, given the current market risks, they also had a sentiment to stand firm on quotes, placing them in a dilemma, resulting in average sales performance. On the demand side, lithium chemical plants exhibited strong purchase willingness under the current limited supply of lepidolite concentrates. Therefore, they showed high enthusiasm for participating in lepidolite auctions. However, due to concerns about the ore quality from small and medium-sized suppliers, they maintained a strong price suppression mindset.

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.

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