Ganfeng Lithium Denies Rumours That A Price Floor Was Set for Lithium Carbonate to Stem Its Drop

Recently, it was rumored that major Chinese lithium producers (including Ganfeng Lithium, Tianqi Lithium, etc.) agreed to set the price floor of lithium carbonate at 250,000 yuan/mt in a closed-door meeting at the sidelines of the Lithium Conference held in Nanchang on March 28, in an attempt to slow down the plunge in the price of the key battery raw materials.

A related person from Ganfeng Lithium responded to the reporter of the Financial Associated Press that there was no such discussion.

Ganfeng Lithium said it always insists that product prices should be determined by the market, and that it will never take the initiative to control prices to affect the market, and no company in the industry has the corresponding capabilities.