SMM

This week, lithium carbonate prices rose significantly, with an increase of around 3,500 yuan/mt. Stimulated by end-use demand exceeding expectations in November, cathode production schedules increased significantly, boosting the consumption of lithium carbonate. During this peak period, upstream lithium chemical smelters had a strong sentiment to stand firm on quotes, and their prices were significantly raised. Downstream material plants held a cautious attitude towards the current price levels, resulting in reduced transaction activities. Currently, more transactions between traders and lithium chemical smelters are boosting the spot lithium carbonate price center. Moreover, driven by demand, spot lithium carbonate prices are expected to have a small upward space, but considering the cumulative inventory levels of lithium carbonate, the price increase is limited.