SMM

This week, lithium ore prices continued to decline WoW. As the futures and spot prices of lithium carbonate kept falling, the acceptable price range for spodumene concentrates in the downstream market continued to decrease. Consequently, the purchase willingness for overseas mines' SC6 CIF $790-800/mt offers gradually weakened. Coupled with the recent high inventory levels at ports, suppliers' willingness to sell increased, and there were occasional reports of transactions at SC6 CIF $750/mt, further dragging down the overall market prices. Regarding lepidolite, as the price of lithium carbonate fell, the losses in production did not ease. The financial pressure on smelters continued to mount, leading to a decrease in both the production and toll processing volumes of lithium chemical plants. The acceptable prices for lepidolite concentrates continued to decline, driving market prices lower.