Latest Update in the SMM Lithium Market

[Brief Review of Domestic Iron Ore Market: Iron Ore Concentrates Prices in Shandong Region May Remain in the Doldrums] This week, Shandong miners reported a price of RMB 865 (up by 21) for 64% grade alkaline iron ore concentrates, dry basis, tax excluded, and acceptance payment at the mine. Steelmakers also raised their prices in tandem. Most miners are operating normally, with overall local sales being average. Inventory has accumulated at some mines and beneficiation plants, while sales at small mills and traders have been relatively average. Currently, the cost-effectiveness of domestic iron ore concentrates has weakened.

[SMM Titanium Spot Cargo Report: Weak Supply and Demand, Titanium Concentrate Prices Continue to Decline Today] SMM reported on May 19 that today's market quotes for 46 titanium ore are 1,700-1,750 yuan/mt, down 50 yuan/mt from yesterday. According to feedback from miners, the current market prices in the Panxi region are showing a weak and stable trend.