Latest Update in the SMM Lithium Battery Cathode Precursor and Material Market

According to data from the General Administration of Customs, China's lithium concentrate imports in November 2024 were approximately 482,500 mt, equivalent to about 45,986 mt LCE. The physical tonnage decreased by 4.3% MoM.

According to customs data, China's lithium hydroxide exports in November reached 5,494 mt, down approximately 30% MoM and 64% YoY.

In November 2024, China's total lithium carbonate import volume was approximately 19,235 mt, down 17% MoM, with an average import price of about $9,584/mt.  

SMM officially becomes associate member of Cobalt Institute!

[SMM Sodium Battery Analysis: 2024 Sodium Battery Review and Outlook on Sodium Battery Industrial Parks: Sodium Batteries There] In 2024, the sodium battery market underwent significant changes. SMM recently conducted a systematic review and summary of these market changes.

【SMM Analysis：China's Imports of Cobalt Hydrometallurgy Intermediate Products in November Rose Sharply MoM, with Relatively Small Fluctuations in Average Import Price】 According to customs data, China's imports of cobalt hydrometallurgy intermediate products in November 2024 were approximately 22,500 mt in metal content (calculated at a grade of 35%), up 40% MoM and up 43% YoY.

This week, LCO market prices remained stable. Coupled with the recent weakening of raw material prices for lithium carbonate and Co3O4, LCO spot market prices faced significant resistance to rebound.

This week, lithium carbonate spot prices continued to pull back, with a decline of around 1,000 yuan/mt.