Latest Update in the SMM Lithium Market

The blog shall talk about how investors can win in this new energy metal market with smart investment strategies. Based on the latest market trends, data, and insight drawn from Shanghai Metals Market (SMM), this article presents a comprehensive guide to how to understand the dynamics of the market and position for success.

The report covers the key trends, challenges, and forecasts in the lithium market in 2025 and beyond to provide important insights into businesses looking for reliable suppliers and partners.

O2 Power, a prominent renewable energy company in India, has won an 800 MWh Battery Energy Storage System (BESS) project through a competitive bidding process organized by the Solar Energy Corporation of India Limited (SECI) – FDRE VI. This project integrates solar energy with other resources to ensure electricity supply during non-solar peak periods.

January-February: Supply-demand pattern improved, and lithium hydroxide prices stabilized.

Last week, the LFP market price showed signs of stabilizing and rising slightly, with an overall average increase of about 130 yuan/mt.

Last week, lithium ore prices experienced slight fluctuations WoW.

[SMM Data: LiPF6 Operating Rate in December] The operating rate of LiPF6 in December 2024 was approximately 73.2%, and it is expected to continue declining in January.

[SMM Data: Electrolyte Operating Rate in December] The operating rate of electrolyte in December 2024 was approximately 41.44%. The operating rate is expected to continue declining in January.