Industrial-grade lithium carbonate stocks fell sharply, traders held onto cargoes on bullish sentiment

SHANGHAI, Dec 22 (SMM)—Supply of industrial-grade lithium carbonate has begun to decline since October, while demand for LFP and LMO has increased rapidly, resulting in supply deficit and lifting its prices significantly. Chinese importers have signed large volume of orders, but imported cargoes will not arrive until two months.

Some traders who are holding on to imported lithium carbonate have reduced shipments on bullish sentiment. Lithium carbonate prices remain in an upward trend amid sharp decline in stocks. Large producers are expected to sign orders at higher prices at the end of December on the back of reduced supply and downstream stockpiling.

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