Lithium Carbonate Futures: LC2401 Main Contract Falls by 1.05%

Published: Jan 17, 2024 16:51

Save

SMM lithium carbonate futures review: LC2401 main contract fell by 1.05%

On January 17th, the main contract of lithium carbonate 2401 futures fell by 1.05%. According to data, the main contract of lithium carbonate 2401 opened at 106,000 yuan/ton and closed at 103,800 yuan/ton, with a trading volume of 49 lots and an open interest of 56 lots, an increase of 30 lots from the previous trading day. The spot price of battery-grade lithium carbonate reported by SMM on the same day was 93,000-100,000 yuan/ton, with an average price of 96,500 yuan/ton, unchanged from the previous working day. In terms of the trend, the market saw intense competition between bulls and bears today, with a slight rise in the early trading session, followed by a volatile trend and a sharp decline towards the end of the session. After the midday session, the market continued to decline, but saw a slight rebound towards the end of the session, ultimately closing down by 1.05%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Ciyong Zou Delivers Opening Remarks at the Indonesia Critical Minerals Conference & Expo 2026

Ciyong Zou, Deputy to the Director General and Managing Director of the Directorate of Technical Cooperation and Sustainable Industrial Development, delivered opening remarks at the Indonesia Critical Minerals Conference & Expo 2026. Mr. Zou noted that with the rapid development of clean energy and digital industries, global demand for critical minerals continues to rise. The role of resource-rich countries in ensuring stable mineral supply has become increasingly vital. Indonesia's transition from raw material extraction to deep processing can serve as a reference for resource-rich countries in the Global South. He noted that Indonesia intends to join forces with partners from all sectors to fully tap the potential of industrial development.

2 hours ago

Downstream Investment in Critical Metals: Unlocking the Full Value of Indonesia's Resources

Todotua Pasaribu, Vice Minister of Ministry of Investment and Downstream Industry of Indonesia, stated that amid climbing global demand for critical minerals and concentration of resources in specific regions, the strategic significance of this category continues to grow. Leveraging its resource endowment, Indonesia is vigorously advancing the downstream transformation across the entire industry chain, which serves as a core national strategy for boosting the economy and optimizing the supply chain structure. Under the President's policy directives, Indonesia has designated mineral deep processing as a pillar of industrial upgrading. The government has identified 28 categories of strategic minerals across eight major sectors, with estimated potential investment of roughly $618 billion.

2 hours ago

APNI Chairman Delivers Opening Remarks at the Indonesia Critical Minerals Conference & Expo 2026

Nanan Soekarna, Chairman of the Indonesia Nickel Miners Association (APNI), stated in his remarks that the Indonesia Critical Minerals Conference & Expo 2026 achieved the largest attendance ever, showcasing the global industry's full confidence in Indonesia's mineral industry, cross-border cooperation models, and Indonesia's sustainable mining development strategy. He noted that the core of critical minerals industry development has shifted from mere competition over resources and capacity to sustainable value transformation of natural resources, balancing economic, social, and environmental benefits. Indonesia's commitment to downstream industry chain extension aims to enhance industrial added value and establish an international industry brand and build global market credibility.

2 hours ago