SMM Analysis: Weekly Market Trends of Lithium Ore from April 21 to April 25

This week, lithium ore prices continued to experience a slow decline WoW. On the spodumene side, although overseas mines maintained a firm stance on quotes, the continuous decline in lithium carbonate futures and spot prices led to a decrease in the acceptable price level for lithium concentrates among demand-side players. Some suppliers, driven by pessimistic expectations for future market prices, exhibited a strong sentiment to offload inventory, resulting in continuously lowered quotes. Although transaction activity remained relatively subdued, there was a downward trend in the lower range of market prices. On the lepidolite side, the persistent decline in lithium carbonate prices weakened the purchasing enthusiasm of demand-side players. Some smelters that externally purchase lepidolite even planned to reduce or halt production, leading to a continuous soft decline in the acceptable price level for lepidolite concentrates.