Lithium Market Update: Prices Dip as Supply Decreases After Spring Festival

SMM Cobalt Lithium Morning Meeting Minutes:

On Monday, the price of lithium carbonate dropped slightly. Most lithium salt companies performed maintenance or reduced/ceased production plans before and after the Spring Festival, resulting in a decrease in overall supply in the market. Most lithium salt companies continued to adopt a strategy of maintaining high prices and selling small quantities, but a few normal production and operation lithium salt companies slightly reduced their prices compared to the pre-holiday high prices. Downstream companies such as cathode also carried out replenishment before the holiday and currently have no urgent procurement needs...