Lithium ore 2.23-2.26 market review [SMM weekly review]

Published: Feb 26, 2026 16:49

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This week, lithium ore prices fluctuated upward in line with lithium carbonate. Supply side, overseas mines maintained a firm stance on prices, with offers remaining persistently high. The announcement by Zimbabwe's Ministry of Mines to immediately suspend all exports of raw ore and lithium concentrates also bolstered firm pricing sentiment in bulk lithium ore transactions to some extent; suppliers showed strong reluctance to sell, with most offers referenced backward from futures prices. Demand side, due to the continuous supply of raw materials and intense inquiry sentiment at current high levels, overall transactions remained relatively sluggish as both upstream and downstream participants adopted a wait-and-see approach amid recent significant price fluctuations; overall market transaction prices continued to rise in tandem with the lithium carbonate futures market.

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