Today, Lithium Carbonate Lithium hydroxide quotation goes up again, Lithium Carbonate Lithium hydroxide both rose 4000 yuan / ton [SMM Express]

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SMM December 23: since December 9, the price of domestic battery-grade lithium carbonate has risen one after another. As of December 23, according to the spot quotation of SMM, the average spot price of domestic battery-grade lithium carbonate reached 250000 yuan / ton, up 4000 yuan / ton from yesterday, and this is the third consecutive trading day that its price has increased by more than 4000 yuan / ton.

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At the same time, battery-grade lithium hydroxide, which has been quoted for a long time, began to loosen recently, rising again on Tuesday, rising 5000 yuan per ton in a single day, and its spot price rose again by 4000 yuan per ton a day today. reached 212000 yuan / ton.

For the recent rapid rise in lithium carbonate prices, SMM believes that it is mainly due to the high demand for funds from upstream enterprises near the end of the year and heavy inventory sentiment downstream. And according to SMM research, some enterprises in Qinghai have decided to stop signing orders this week and are expected to start shipping in January with sporadic quotations.

As for lithium hydroxide, it is due to the "sweep" of the industrial hydrogen market, with the soaring demand for lithium carbonate, the demand for the production of lithium carbonate by carbonization has risen sharply, and the price of industrial-grade lithium hydroxide has risen significantly. The quotation for battery-grade lithium hydroxide was also pushed upwards under the chain reaction.

According to SMM research, the overlay price of lithium carbonate out of stock is too high recently, and some lithium iron phosphate enterprises have increased the inquiry order for lithium hydroxide, but the transaction has not been successful. "View details

Today, according to news from Mount Qomolangma in Tibet, the project to produce 55000 tons of lithium carbonate per year was officially launched at Angeles Lithium Salt Lake in Salta Province, Argentina, on December 22, local time. It is reported that the total investment of the project is about 700 million US dollars. On the other hand, the equivalent lithium carbonate reserves of Angeles Salt Lake are 2.05 million tons, of which the proved and controlled equivalent lithium carbonate resources are 1.64 million tons.

Related reading: Mount Qomolangma, Tibet, Salta, Argentina, 55000 tons of lithium carbonate project officially launched! [SMM Express]