Lithium Carbonate Prices Inched Higher on the Back of Tight Supply

SHANGHAI, Aug 8 (SMM) – The prices of lithium carbonate rose slightly last week. Some smelters were short of raw materials, thus the output of lithium carbonate was lower than expected. Smelters prioritised the delivery of long-term orders. Two smelters returned normal production after completing their maintenance, while smelters in some areas were affected by power rationing due to the electricity consumption peak in summer. In the downstream sector, LFP plants maintained their production schedules. With the ramp-up of new capacity, the downstream demand for lithium carbonate increased steadily, but the price rise was slow as downstream buyers did not have enough money to stock up on a massive scale.