Latest Update in the China Lithium Market

The spot prices of industrial grade-0 lithium carbonate gained 1,000 yuan/mt to 453,000-458,000 yuan/mt, with its average price up 1,000 yuan/mt in a single day to stand at 455,500 yuan/mt.

SHANGHAI, Aug 8 (SMM) – Many car companies have released their production and sales data for July, showing a good trend in the off-season.

SHANGHAI, Aug 8 (SMM) – On August 5, the Ministry of Industry and Information Technology released the Operations of Nickel-Cobalt-Lithium Industry in the First Half of 2022 as follows:

SHANGHAI, Aug 8 (SMM) – The prices of battery-grade nickel sulphate stood between 36,400-37,500 yuan/mt as of last Friday, up 1,050 yuan/mt from a week ago.

SHANGHAI, Aug 8 (SMM) – The prices of lithium carbonate rose slightly last week.

SHANGHAI, Aug 8 (SMM) – The prices of tricobalt tetraoxide maintained the downward trend last week.

The coefficient of NMC battery scrap was high with increases this week, and the pole piece coefficient was also above 180%, due to the falling prices of nickel metal and cobalt metal.

On August 2, Tonze Electric announced that the company had signed the Contract on Investment and Construction of Tonze Electric New Energy and New Materials Project with Ruichang Municipal People's Government.