SMM Daily Review: January 29 Spot Lithium Carbonate Prices Continued to Decline

Published: Jan 29, 2026 16:16

Save

[SMM Daily Review: January 29 Spot Lithium Carbonate Prices Continued to Decline]
The SMM battery-grade lithium carbonate index price was 166,721 yuan/mt, down 3,734 yuan/mt from the previous working day. SMM Battery-grade lithium carbonate was priced at 162,000-174,000 yuan/mt, with an average price of 168,000 yuan/mt, down 4,000 yuan/mt from the previous working day. SMM Industrial-grade lithium carbonate was priced at 159,000-170,000 yuan/mt, with an average price of 164,500 yuan/mt, down 4,000 yuan/mt from the previous working day.

Today, the most-traded lithium carbonate futures contract moved sideways. The open interest of the most-traded contract decreased by 8,638 lots, with the price fluctuating between 158,800 yuan/mt and 173,900 yuan/mt. In terms of trading activity, spot order quotations from upstream suppliers relatively decreased, and their willingness to sell declined. Downstream material plants, driven by rigid demand and stockpiling for February, increased spot order purchases when prices were relatively low. Overall, market inquiries and transactions were relatively active.

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

59 mins ago

Hyundai Motor Group Plans to Invest $6.3 Billion in AI and Robotics in South Korea

【Hyundai Motor Group Plans to Invest $6.3 Billion in AI and Robotics in South Korea】According to a statement by South Korea's Ministry of Land, Infrastructure and Transport, Hyundai Motor Group will invest 9 trillion won (approximately $6.3 billion) in artificial intelligence, robotics, and hydrogen businesses in the Saemangeum area of South Korea. It is reported that Hyundai Motor Group signed this investment agreement with the government on the 27th, planning to spend 400 billion won to build a robot manufacturing plant, invest 5.8 trillion won in an AI data center, allocate 1 trillion won for the construction of hydropower electrolysis facilities for the production and supply of green hydrogen, and invest 1.3 trillion won in the construction of solar power generation facilities.

59 mins ago

1 hour ago

NIO and Bosch Deepen Collaboration in Core Technologies for Intelligent EVs

【NIO and Bosch Deepen Collaboration in Core Technologies for Intelligent EVs】During German Chancellor Merz's visit to China, NIO signed a strategic cooperation agreement with Bosch. The collaboration will cover NIO, ONVO Le Dao, and Firefly under NIO, focusing on in-depth cooperation in the core technology areas of intelligent EVs. The partnership encompasses key technologies such as wire-controlled chassis and battery management, including brake control, steering systems, drive systems, as well as auto body electronics and perception modules.

1 hour ago

Citi: Raise GAC Group's AH Share Target Price

【Citi: Raise GAC Group's AH Share Target Price】Citi issued a research report stating that, considering the progress in robotics technology and the partnership with Huawei, it has raised the target price for GAC's H shares from 3 HKD to 3.8 HKD, maintaining a "neutral" rating; the A-share target price was raised from 7.2 yuan to 8.1 yuan, and the rating was upgraded from "sell" to "neutral". The bank believes that after a 11% decline in A-share prices over the past year, the current risk-reward profile appears neutral. Additionally, taking into account the actual sales performance in 2025 and the bank's relatively conservative industry outlook for 2026.

1 hour ago