SMM

Lithium carbonate prices remained stable in the week ending March 21. The improved spot market performance of lithium carbonate led to price adjustments for individual orders by producers. Environmental regulations continued to limit production in smaller firms in Jiangxi. Nonetheless, other lithium salt producers in China are increasing production due to better profitability and completed maintenance. The upcoming arrival of Chilean lithium carbonate shipments to China could potentially increase supply. Cathode makers and downstream businesses are cautiously restocking at low prices, but their increasing ability to absorb costs is supporting lithium carbonate prices. Short-term expectations indicate that spot prices will remain stable.