Lithium Carbonate to Drop Slightly after CNY Holiday

SHANGHAI, Jan 20 (SMM) - The prices of lithium carbonate were largely stable with a slight decline this week. The logistics companies already suspended operation, and most manufacturers were closed as well. Therefore, the quotations were flat if there were any. However, some large lithium salt manufacturers who faced inventory pressure still made shipment, thus dragging down the spot prices. As for price forecast, the lithium salt factories may be keen on making shipment with the increase in inventory after the holiday. But their tough attitude in holding prices firm will discourage cathode material plants from stocking in the short term. It is expected that the post-holiday lithium carbonate prices may drop slightly.