The price of lithium carbonate continues to rise sharply. The price peak of the year may appear in the fourth quarter.

According to industry data, the market price of industrial-grade and battery-grade lithium carbonate in eastern China continued to soar in September 2021, until the price was still in the rising range but slowed slightly at the end of the month. As of Sept. 28, the average price of industrial-grade lithium carbonate in eastern China was 167800 yuan / ton, up 40.77% from the average price at the beginning of the month.

On Sept. 14, (BMX), a battery materials exchange owned by Pilbara, announced the price of the second auction of spodumene concentrate at $2240 per tonne, up 79.20 per cent from the result of the first auction of $1250 per tonne. The auction price is much higher than the market estimate of $1700 to $2000 per ton. Institutional analysis pointed out that from a supply point of view, the new supply before 2023 is mainly based on the commissioning of new projects and the resumption of mine production in 2017, which is very limited relative to the growth of demand. In addition, considering the financial situation of overseas lithium resources enterprises, the possibility of short-term production expansion is low. With the demand for stock in the downstream for the peak season of production and sales in the fourth quarter, and taking into account the decline in domestic salt lake production in the fourth quarter, the price peak of the year is expected to appear in the fourth quarter under the premise of supply and demand resonance.

According to the theme database of the Financial Associated Press, among the relevant listed companies:

Yongxing said that the Baishicun Huashan porcelain stone mine, which is controlled by the company, has proven reserves that can support the annual production capacity of 30,000 tons of battery-grade lithium carbonate after the second phase is put into production.

The 25000 t / a battery-grade lithium hydroxide and battery-grade lithium carbonate production line newly built by China Mineral Resources has been successfully ignited and put into trial operation on August 19th.