[SMM Weekly Review] Weekly Market Trends of Lithium Ore from May 19 to May 22

Published: May 22, 2025 16:27

Save

This week, lithium ore prices continued to decline WoW. On the supply side, despite some willingness to refuse to budge on prices from overseas ore suppliers, they lowered their offers due to shipping pressure. On the demand side, as lithium chemicals prices are currently at a low level, the psychological price level of buyers continues to drop, and their purchase willingness for lithium ore priced at CIF US$650/mt or above is weak. With the decline in both futures and spot prices of lithium carbonate, demand continues to push prices down in negotiations, and the willingness to close deals remains relatively moderate.

According to this week's lithium ore import customs data, domestic spodumene imports exceeded 600,000 mt in April, showing a significant WoW increase, equivalent to over 50,000 mt of LCE. Coupled with the high inventory levels at ports exceeding 700,000 mt in recent months, traders and mines are under certain shipping pressure, and the bargaining power of downstream players has increased. Given the sustained low prices of lithium carbonate, there is an expectation that lithium ore prices will weaken.

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

9 hours ago

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

9 hours ago

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.

9 hours ago

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.

9 hours ago