Lithium Ore Market Review for 11.13-11.20 [SMM Weekly Review]

This week, lithium ore prices continued to rise sharply WoW, following the trend of lithium carbonate. Currently, overseas mines raised their offers amid rising costs, while holding pessimistic expectations for future prices, leading to increased willingness to make shipments and frequent shipment activities. Buyers showed some interest in purchasing spot cargo and securing long-term futures due to the sustained supply of raw materials, despite the current high price levels. Overall market transaction prices continued to climb in line with the lithium carbonate futures, with relatively active trading.