Lithium Ore Market Review for 10.1-10.16 [SMM Weekly Review]

This week, lithium carbonate prices continued to fluctuate WoW, driving synchronized volatility in lithium ore prices. Supply side, overseas lithium ore suppliers maintained their stance of refusing to budge on prices; other suppliers, due to significant inventory drawdowns in the previous period, exhibited stronger reluctance to sell, with their quotations moving in tandem with futures prices. Demand side, lithium chemical plants maintained their previous production schedules, keeping raw material demand high, while purchase willingness improved compared to the earlier period. Overall, spot supply in the lithium ore market remained tight, with both market inquiries and transaction activity levels higher than in the prior period.