This week, spodumene market prices showed relatively small WoW changes. Although overseas mines still maintain a firm stance on quotes, domestic demand for relatively high-priced spodumene concentrates remains moderate amid the continuous decline in lithium carbonate prices. Coupled with the current strong sentiment for ore price declines and recent transactions at lower prices, overseas lithium ore is expected to face downward pressure. On the lepidolite side, under the downward trend of lithium carbonate prices, small and medium-sized traders have slightly lowered their quotes. Downstream, as the shortage of ore at some lithium chemical plants eased to some extent earlier, purchase willingness for high-priced lepidolite concentrates has slightly decreased.
In the short term, under the expectation of declining lithium carbonate prices, lithium ore prices are expected to pull back.
