SMM Daily Review: Spot Lithium Carbonate Prices, Futures Decline on Sept 10 Amid Supply-Demand Dynamics

Published: Sep 10, 2025 11:59

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[SMM Daily Review: Spot Lithium Carbonate Prices Dipped on September 10]
The SMM battery-grade lithium carbonate index stood at 73,414 yuan/mt, down 1,175 yuan/mt from the previous trading day. Battery-grade lithium carbonate prices ranged between 71,500-75,400 yuan/mt, averaging 73,450 yuan/mt, down 1,150 yuan/mt MoM. Industrial-grade lithium carbonate prices were quoted at 70,600-71,800 yuan/mt, with an average of 71,200 yuan/mt, also declining 1,150 yuan/mt from the prior session.
Lithium carbonate futures plunged sharply today, nearly hitting the lower limit at one point, while downstream material plants significantly increased their pricing activity. Currently, during the peak demand season, these plants exhibit rigid procurement needs, with stronger purchase willingness when prices remain relatively low. In terms of supply, spodumene-derived lithium carbonate now accounts for over 60% of total production, serving as a key market support, while lepidolite-sourced output dropped to 15%. Overall, September saw simultaneous growth in supply and demand, though demand expanded at a faster pace, likely leading to a temporary supply tightness within the month.

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